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Essay / Research Paper Abstract
This 10-page paper is a model of a modified business plan for a motorcycle shop. Also discussed are business set-ups. Bibliography lists 2 sources.
Page Count:
10 pages (~225 words per page)
File: AS43_MTmodbuspl.rtf
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Unformatted sample text from the term paper:
own motorcycle shop on the outskirts of town. His plan is to purchase a 10-acre plot of land with hopes of building a motorcycle race track in addition to his
shop. John has no children, but the ex-wives might be an issue. His brother is willing to help him purchase the land
and John has $100,000 to invest in the project. But before John can even think about buying anything, let alone setting up a shop there, he needs to consider the
best type of business entity under which to operate. His choices are sole proprietorship, partnership, C-Corp., S-Corp., Limited Liability Corporation and Limited Liability Partnership.
For Johns purposes, its probably best to strike sole proprietorship out of the mix right now. A sole proprietorship is the simplest form of business to set up.
Its also the cheapest - there arent any filing fees or any kind of paperwork required for this particular set-up. However, it doesnt offer John a whole lot of protection
in the event his two ex-wives decide to tap him for more money. Furthermore, in a business in which injuries can occur, the personal liability in a sole proprietorship is
fairly large. If someone decides to sue John for some kind of injury, that person could conceivably take his personal assets as well, if he were to set up his
shop as a sole proprietorship. The partnership and Limited Liability Company probably arent too great for similar reasons. Johns assets are still
available to the ex-wives if they decide to become greedy. Furthermore, if John does decide on either format, bringing his brother into it, there could be problems if the brothers
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