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Identify choice of business entity, issues and risks related to laws and regulations in each of the following three scenarios:

Identify choice of business entity, issues and risks related to laws and regulations in each of the following three scenarios:
Restaurant/Bar Scenario
Lou and Jose plan to open a sports bar and restaurant where customers socialize and watch sporting events on large-screen TVs that hang around the bar. They do not have much money, but they do have Miriam, a wealthy investor who does not have time to participate in the business, but wants to provide capital to start the business in return for a percentage ownership.
What is the business entity that represents the best choice for this business, taking control, taxation, and liability issues into consideration? What are the laws and regulations that this restaurant/bar must consider in starting the business? What are the risks against which this business must protect itself?
Professional Practice Scenario
Akiva and Tara have just completed all educational and experiential requirements to be licensed as obstetricians. They want to open a birth clinic together. They will take out a large loan to finance start-up costs.
What is the business entity that represents the best choice for this business, taking control, taxation, and liability issues into consideration? What are the laws and regulations that this professional practice must consider in starting the business? What are the risks against which this business must protect itself?
Construction Scenario
Mei-Lin is the hiring manager for Surebuild, Inc., a new construction company. She has advertised a position as a jackhammer operator. The position's description states that the successful applicant must have a high school diploma. The following people apply for the position: Michelle, 35, who appears to be pregnant, is a high school graduate, and was formerly employed as a jackhammer operator; Eric, 55, who is experienced with a jackhammer, but has no high school diploma; Felipe, who is 38, speaks no English, has no high school diploma, but is experienced with a jackhammer; and Nick, 23, a college graduate who is epileptic, and has no experience with a jackhammer.
What is the business entity that represents the best choice for this business, taking control, taxation, and liability issues into consideration? What are the laws and regulations that this construction company must consider in starting the business? What are the risks against which this business must protect itself? Identify and discuss the employment laws and regulations with which this business must comply in making a decision.

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