Business Forms Evaluation and Recommendation Essay - 1

Business Forms Evaluation and Recommendation - Essay ExampleIf Betty decides to address in someone else, then the form would be some kind of partnership, or a corporation, or a limited liability company or LLC, all of them valid legal business forms, and all of them placing some level of liability on the individual persons forming the business when it comes to being answerable to their customers and suppliers. Given that Betty does not seem to have that much experience with running a coffee business, then it seems to make sense, given the options available, to form the business as a franchise. Moreover, for reasons that be to be explored further in the other questions, the best form is one where Betty runs the business as a single proprietorship (Spadea, Lanard & Lignana, n.d. Sanders and Lambert, 2007).There are several(prenominal) options for partners or people to take in by Betty into the business. John, her husband, is one, ready to supply some capital for the business. Alice, the sister of Betty, is another. Erma, Bettys neighbor, is yet another, though she is not Christian. The religious leaning is one consideration in choosing someone if one is to make an assumption with regard to how religious inclination translates to business, moral and related values. Other issues, such as the level of commitment and energy that the different people options are ready to pour into the business, also matter. As well, domestic issues that stern limit involvement and can constitute a conflict of interest are also pertinent considerations. None of the three options or partners are completely free of issues. John has the money, hardly will not commit any time or attention to the business. It helps though that he is the significant person in Bettys life, being the husband. That vital kindred can make up for any lack of commitment in terms of giving time to operate the business. Alice, meanwhile, while potentially committed and impulsive to give time and effort to oper ate the business with Betty, is constrained by a conflict of interest, the other party being family.