Business Entities – Restaurant – Bar
Successful companies require a strong core in order to operate their companies efficiently. Companies must take in consideration the following aspects when starting up: taking control, taxation, and liability issues. Both businesses and the construction company must make sure that they are in compliance with law and regulations; as well as identify the risks in which they must protect themselves from. The construction company must also identify and discuss employment laws and regulations they will have to comply with when starting their company.
Restaurant/Bar
The restaurant/bar will be opened by Lou, Jose, and financed by Miriam (wealthy investor who does not have time to participate in the business and wants his share of the company). This company is just starting out, has three owners (Lou, Jose, and Miriam), and should be constructed as a limited partnership. According to Cheeseman, H. R. (2010), “A partnership has to file an information return with the government, telling the government the amount of income earned or losses incurred by the partnership”. Lou and Jose must take control of their positions as owners by making sure the law is enforced in their establishment. Enforcing the following functions of the law will ensure safety of both consumers and employees: Keeping the peace, shaping moral standards, promoting social justice, maintaining the status quo, facilitating orderly change, facilitating planning, providing a basis for compromise, and maximizing individual freedom. Having an operation that is morally and ethically correct according to our law will increase patronage from hard working citizens. By having a bar where people drink there will be some liability issues with customer behavior while drinking. For instance, this business is in the market to make a profit and to do so they must sell drinks to customers no matter if they seem intoxicated or not. The establishment will also be liable for the food, drinks, and injuries (caused by negligence or not). When customers and employees enter the establishment Lou and Jose business immediately becomes liable; so taking all of the necessary precautions are essential to having a safe successful business. Before the restaurant/bar is officially opened they will need to hire employees. Equal opportunity must be provided to applicants to comply with the Civil Rights Act of 1964. After selecting qualified personnel Lou and Jose should develop regulations according to restaurant/bar laws. Along with restaurant/bar laws, employee laws and regulations must be followed to avoid the closing of the location, fines, or suits. For instance, the business cannot tolerate any of the following behavior: sexual harassment, racial discrimination, sexual discrimination, national origin, and/or religion. By banning and discouraging these types of inappropriate behavior both the customers and employees will have a safer and more appropriate