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Starting And Naming A Business Essay

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Starting and Naming a Business
Shania Jackson is interested in starting a Christian coffeehouse near Denver, Colorado. A few family members and an acquaintance, both believers and nonbelievers, have expressed interest in investing and become a part of her business. She has researched franchise opportunities with various stipulations as a method for starting her business. She is also considering naming her business “The Gathering Place”.

Business Structure With a desire to be an entrepreneur, Shania has to determine what type of business structure that best represents her business. There are a variety of business structures that Shania can use to establish her business. These specific types are a sole proprietorship, corporation, partnership, limited partnership, limited liability company, and a few others (U.S. Small Business Administration, 2015). Each of these structures has their unique differences and characteristics.
Concern. Marvin, Shania’s husband, is willing to invest capital to start the business. Moreover, he does not desire to have control or an interest in its operation and management. This implication suggests that Shania could have all controlling interest in her business. Moreover, her coffeehouse could be considered a small business. Based upon these fact and the aforementioned business structures, the best structure that could suit her business needs is the limited liability company (LLC).
Considerations. A LLC has favorable and

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