My Ideal Business Essay

In order to open a task at that place are m whatever details that need to be primed(p) to protect the owner before opening. The comparabilityts of the business enterprise enterprise that need to be determined are the legal form of entity, control of the business, taxation, and financing. The business I want to open is a full usefulness Italian restaurant. The puddle of the restaurant depart be Tonys Italian Restaurant. In this piece I pass on explain the details of my business and discuss the face Scenario. Tonys Italian Restaurant My brother and I befool constantly dreamed of owning a restaurant.Throughout the years I constitute fancy about this business and am excited to open this restaurant soon. The business will be two restaurants in genius building. On wiz side there is a full service restaurant with a bar and on the opposite side there will be a pizzeria. The pizzeria will be a delivery and pick-up service only. Legal Entity Tonys Italian Restaurant will be a Limited Liability Company (LLC). Forming our restaurant as an LLC will modify both my brother and I to operate, manage, and control the business. This way we can wholly(prenominal) manage different aspects of the keep company.We will also be equal to have an reach share of the business. Financing of the business will be owner invested and different picayune business loans available through the government and small business association of our town. The owners of the restaurant will each invest equal amounts of capital into the company in order to keep everything uniform. For tax purposes, an LLC deeds out the outflank for my brother and I. We will be able to shoot down taxes as a partnership and meaning the income or losses from the company will be split between us and filed on our face-to-face taxes.This ensures us that we are not taxed twice. The most important advantage to forming an LLC is the obligation issue. With the business as an LLC, we are not personally lia ble for any debts, obligations, or torts that come from the business. In order to register our business in the state, we must submit an article of organization to the secretary of the state of Virginia. Laws and Regulations The business being a restaurant will have to follow many another(prenominal) different laws and regulations. Regulations concerning the serving of alcohol, serving food, restriction laws, paying taxes are all included in this business.The regulations regarding the serving of alcohol include obtaining the correct license, the proper identification procedures of customers, serving hours, and ages of servers. Of course in a restaurant you have many laws and regulations concerning food preparation and serving. The local health department will make frequent visits to make sure the restaurant is up to par regarding the food. The business will need many employees to make the restaurant successful. The labor laws are very important to follow.From pay rates to overtime , as good as laws for minors and proper identification for hiring, the laws are necessary to follow. on that point are also state and local taxes that need to be gainful on a regular basis. Any violations of these laws and regulations could cause the business to be shut down. Risks of Operating a Restaurant As with any business, there are many risks when operating a restaurant. The biggest risk is food poisoning. universe experienced in food service, I will be able to put safeguards in place to eliminate the risk of food poisoning. different risks include injuries to customers, unhappy customers, and lack of business. I believe that most of the risks problematical in operating a restaurant are controllable. There will much attention to detail when it comes to this topic. Conclusion With the information I erudite from the Business Law class, I believe I am one step closer to fulfilling my dream and opening my own restaurant. Choosing the proper entity, permanent by the laws an d regulations, and eliminating the risks are great steps to opening a business. social system Scenario In the construction scenario, the most important aspect is to adhere to the work requirements. The posted requirements are having air hammer experience and a high civilise diploma. Michelle has jackhammer operator experience and a high school diploma. She is a perfect candidate for the job. The fact that she is pregnant should have no affect on the hiring decision unless the use of the jackhammer will have a negative effect on the pregnancy. Eric has jackhammer experience exclusively no high school diploma.Since the requirements list a high school diploma, he is eliminated from the position. Felipe also has no high school diploma but has jackhammer experience. His is eliminated because of the lack of the high school diploma. Nick is a college graduate but no jackhammer experience. Without jackhammer experience he is also eliminated from the position. The best person for the job is Michelle. If there are no medical risks bear on with a pregnant person operating a jackhammer, Title seven-spot protects pregnant people from being discriminated.