Limited Liability Company

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According to the Department of Commerce, start-up, small, and family businesses are among the fastest growing areas of employment. Even under the best economic environment, starting a business is risky (Selig, 1998, p.13). There are many advantages and disadvantages to owning a business. The first place to start is to decide what type of organization you are going to form.
A Limited Liability Company (LLC) would be my recommendation for Shania, which I feel would best accomplish her business goals. According to Kippenhan (2016), an LLC is an unincorporated form of business organization that many people see as combining the most advantageous features of partnerships and corporations. It combines the tax advantages and management flexibility …show more content…
According to Selig (1998), some major reasons why individuals become franchisees are to pursue the American dream of achieving high rewards through risk sharing in a quasistructured environment, benefits of a franchiser's name recognition, network, systems, training, and infrastructure to help establish and grow their business, ability to obtain financing more easily from a franchiser than from other sources and to helps individuals transition from corporate life to ownership of their own business (p. 14). While there are many benefits to owning a franchise, my recommendation would be for Shania to open as an independent coffeehouse. After research (www.franchisedirect.com) of available coffee franchises in Colorado, Shania would need a minimum capital investment of $50,000 to purchase a franchise. This does not take into consideration additional start up costs including rent, legal and accounting fees, and insurance. Hard Bean Coffee has the least expensive franchise fees of $50,000 with a total investment of $200,000 for a turnkey package. Shania would not have the freedom to choose the name of her business. She would be committed for a minimum of a 10-year term once you sign a franchise agreement. If you want out, you would have to find a buyer. There are also limits on advertising territory and guidelines on …show more content…
According to White (2011), Paul takes up the question of being mismatched with non-Christians in 2 Corinthians 6:14-18 which says, “ Do not be unequally yoked with unbelievers. For what partnership has righteousness with lawlessness? Or what fellowship has light with darkness? What accord has Christ with Belial? Or what portion does a believer share with an unbeliever? What agreement has the temple of God with idols? For we are the temple of the living God; as God said, ‘I will make my dwelling among them and walk among
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