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An electrical contractor for a number of years

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Able, a qualified electrician, has been employed by an electrical contractor for a number of years and enjoys the work. He is now considering the possibility of starting out

  • on his own as an electrical contractor. His uncle, a retired bookkeeper, has offered to provide Able with the necessary financing to start up his business. He has also offered to join him in the business, either at the beginning or later on, if the business grows to the point where Able might need help in its operation. Able is uncertain as to how he should proceed and arranges for an appointment with a lawyer for advice.

Using the information in this chapter, what advice might the lawyer give to Able?

Notes:

 To resume your entries into Part II of your Reflection Journal, please turn to page 163 of the textbook to the Ask a Lawyer feature box. Reflecting specifically on the forms of business organization introduced in this unit, please assess which form or forms might be suitable for Able, using the chart of advantages and disadvantages of each form to guide you in your written critical analysis.

Book: Fundamentals of Canadian Business Law, Second Edition Paperback by John A Willes, John H Willes

https://we.tl/lPb8YiQOyZ

Reference no: EM131025134

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