What liabilities do you and your co-owners face

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Assignment:

You and two of your college roommates have discussed plans to open a restaurant. You intend to attract college-age students who are health- and fitness-minded to your restaurant. You and your co-owners agree that each will invest equally in terms of time and money. However, in addition to contributions made by each of you, another $700,000 is essential for the restaurant to succeed.

• What type of organization is best suited for this business activity?

• Who will manage the restaurant during times that you and your co-owners are not present?

• What liabilities do you and your co-owners face?

Reference no: EM133370084

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