Business Law Legal Requirements to Start a Small Business Presentation

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Task In this assignment you will create a PowerPoint or PDF format presentation with a video or audio narration. For this presentation you will be self-employed as a small business advisor. I am your client. I will be establishing a new business but I am lost (don't know what to do) when it comes to being compliant with legal requirements. I will have a small staff of two people and will be opening a small restaurant. I need your advice on what to do properly.......help me open my business. At minimum, your file submission(s) must include: 1. Title slide/page with name, student ID 2. Table of contents / topic outline 3. Explanation of: a. general information I should know b. how to sign a proper contract; what should I be careful of (pay attention to) c. Important laws to be aware of when having employees d. any concerns/challenges unique to the restaurant (food industry) 4. Summary or closing slide/page Provide references in APA format for information discussed in this assessment description.
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LEGAL REQUIREMENTS FOR SMALL
BUSINESS/RESTAURANT
Name
Course
University
Date

Table of Content
i.

General Information

ii.

Contracts and what to consider

iii.

Essential laws on employees

iv.

Unique challenges in a restaurant.

v.

Summary

General Information
o

The minimum requirements before starting a restaurant include;
o Business permit
o Food service license/food handlers permit
o Liquor license
o Employer identification number – to ensure employees receive their salary
and business file tax returns.

o

Write a business plan defining target market, competitors, location, business
model, kind of foods, and staffing plan.

o

Choose the restaurant’s name/brand name and will be used when acquiring
the licenses.

o

The legal structure of your business is sole proprietors and you will be responsible
for all business’ liabilities.

o

You can consult me later on other legal structures like partnerships, limited
liability company, and corporations when your business grows.

Contracts
o

You will encounter different contracts including employee
offer letter, service contracts, leases, loan agreements and
stock purchase agreements.

o

What to consider when signing contracts?

o

Ensure the terms on the contracts you are signing are the ones
you agreed.

o

Ensure the contract is dated

o

Ens...

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