Identify the type of business organization

Assignment Help Business Law and Ethics

Reference no: EM133314427

The Jones Brothers - Slick, Moe and Devin - have been doing lawn maintenance for the last 4 summers to earn money while they were in school. They have now graduated with their BBA from the Okanagan School of Business. During the four summers, they built a great reputation for dependability and attention to detail. They even diversified and picked up a few landscaping jobs and received great reviews. They are also noted for their wonderfully positive attitude and even sing while doing lawncare.

The business is named "3Bros Lawncare" and they have a super cool logo that is used on their Instagram account, on their work uniforms and on the side of their truck and lawn mowers.

Slick is the overall business manager and is wonderful with client relationships and is very popular with his clients. Moe is a digital marketing expert who oversees all digital marketing and all audio video production. Devin is the numbers guy and manages all the financial aspects for his brothers and himself. Over their 4 summers, they generated $10,000; then $20,000; then $30,000 and in their 4th summer hit $40,000 in gross revenues. They each made enough money to pay for their tuition and the rent they paid to their parents.

Having graduated, they are now considering operating this their lawn care/landscaping business full time. They may even branch out beyond these services and start their own band and play private parties for their landscape clients in the summer. With an established clientele, a great reputation, a few pieces of equipment, and business degrees they are ready to proceed. The brothers feel that with a proper business plan, they can achieve $100,000 easily in gross revenues. To expand, they will need to hire 3 more people and spend at least $20,000 on additional equipment, $10,000 on sales and marketing, and rent a garage with a yard for the equipment.

Part 1: Clearly identify the type of business organization you believe would be most appropriate in this scenario and explain the major advantage and disadvantage of this business structure, and give two reasons why your choice is the best choice in this particular case.

Part 2: Identify 3 legal risks of this new business venture and discuss how you would manage those risks

Reference no: EM133314427

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