Complete the following steps:
1. Advise Shania on which of the business forms under consideration best accomplishes her business goals. Thoroughly explain the reasons for your recommendation. When discussing the advantages and disadvantages of each form of business entity (sole proprietorship, partnership, LLC, corporation, and S corporation), keep in mind that I will grade you on whether you included the federal tax consequences and exposure to liability at a minimum. You should consider other factors as well such as ability to raise funds and ease of formation but you must have tax consequences and exposure to liability.
2. Advise Shania on whether her company should become a franchise or should open as an independent coffeehouse. Explain your recommendation.
3. Perform a corporate name search at this website to determine if the name Shania is considering is available for use in the State of Colorado. Also assess whether the name is available as a trademark. Even if the name is available, advise Shania on whether it is a good choice. Explain why or why not.
4. Advise Shania on which of the interested persons she should include in her business, why, and in what role(s). If she chooses not to take in a particular party, what reasons should she give each person, if any? Your analysis must include biblical perspectives, such as biblical considerations of marriage and of business relationships with non-believers.
