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Small Business Decisions on Legal Agreements

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What legal agreements are needed for the day-to-day management of a local/small business sandwich cafe? Why is it important to prepare an exit plan? Develop an exit strategy for the cafe.

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The small business pursuit is making daily profits with lower costs as possible that reinforces the company's vision and mission; to effectively serving the targeted consumer. Thus, the new small business entity is on par towards identifying effective measures to reaching the targeted demographic audience. Although, the small business core targeted demographic is mostly local customers, however, the now global business position by using internet (website) presence expands the brand identity. Therefore, the daily legal agreements can entail primarily locally position within the targeted marketplace and the global position by at times online presence to selling goods and services internationally.

Try and consider the legal agreements ranging in the norm areas of business focuses for effectively operations, such as, hiring practices, OSHA, contractual agreements with vendors, local or global ...

Solution Summary

This solution provides a review into small business decisions on legal agreements for successful managing toward an appropriate exit.

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The Legal Aspects of Starting a Business

I need some help comparing the legal obligations associated with the three ways to start a business: buying an existing business, buying a franchise, or starting up on your own business:

If possible, could you address the following:
- Address the different legal obligations associtated with each method of business start-up.
- Compare the similarities and differences of each method of business start-up.
- Describe the importance of contracts to each type of small business.
- Describe the financing options for each type of business start-up and its legal obligations.

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