Christian business
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Thread Prompt:
Complete the following steps:
1. Advise Shania on which of the business forms under consideration best accomplishes her business goals. Thoroughly explain the reasons for your recommendation.
2. Advise Shania on whether her company should become a franchise or should open as an independent coffeehouse. Explain your recommendation.
3. Perform a corporate name search at this website to determine if the name Shania is considering is available for use in the State of Colorado. Also assess whether the name is available as a trademark. Even if the name is available, advise Shania on whether it is a good choice. Explain why or why not.
4. Advise Shania on which of the interested persons she should include in her business, why, and in what role(s). If she chooses not to take in a particular party, what reasons should she give each person, if any? Your analysis must include biblical perspectives, such as biblical considerations of marriage and of business relationships with non-believers.
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Solution Summary
The expert performs a corporate name search at this website to determine if the name Shania is considering is available for use in the State of Colorado
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1. Advise Shania on which of the business forms under consideration best accomplishes her business goals. Thoroughly explain the reasons for your recommendation.
I would advise Shania to choose the sole proprietorship business model because it is a small company, she is a first time business owner, and there are many advantages associated with this model for someone within her particular position. These include the ability to open the business with relative ease wherein there is not much legal paperwork required to be completed, fees are minimal for establishing the business, and the business owner can open up bank accounts as well as credit card accounts under their business name as long as the name is not trademarked. In addition, the business owner has the capability to ensure that they are the sole decision-maker for the company, which is important for a Christian business that has different value and beliefs than many other investors or franchisors in regard to how they want their company ran. The owner also doesn't have to file annual reports and can manage their organization in accordance to their personal beliefs.
The business is taxed under entirely different rules and guidelines than other forms of ownership wherein the owner is not required to file ...
Education
- BS, Sam Houston State University, 1903 University Avenue, Huntsville, Tx 77340
- MS, Prairie View A&M University
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