Use the following case study to answer the questions below.

Huyen and Van are two friends who have worked in a high$-$end

restaurant for many years. Van is a highly regarded chef, and Huyen has

excellent management experience. They have always wanted to open a

Vietnamese French fusion restaurant in Dallas, Texas. They have saved a

substantial amount of money but will need to acquire additional capital from

investors, preferably by loans to the new business. They will also need to

lease restaurant space, acquire equipment, and enter various agreements before the restaurant opens. They figure they will need to put about $$500,000$ into the place before it opens but expect it to be very popular and profitable.

$1.$ As they think about going forward with the project, what legal issues should they think about?

$2.$ What should they be advised to do in this situation?