Memo - Potential Cardigan Home Store Business Formation

School: Acupuncture and Massage College           Price: $10.00 USD

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Your Supervising Attorney P. Strami and his associate Hammond have been called out-of-state to consult on a high profile case. Mr. Strami has recently hired attorney Mable Bacon, as she has a great legal background in Business Law. P. Strami has briefly scribbled the following information on a sheet of legal paper and indicated that you, as lead paralegal, could help Mable research information to present to the Cardigans upon P. Strami’s return to the office.

Dear Mable and Paralegal:
The Caridgans want to expand their business ventures. Cora and Caley have discussed the idea of operating a home décor store with the Cardigan family logo on the goods. The idea behind this type of business is to advertise goods that will make consumers feel that their homes represent a Cardigan lifestyle. The Cardigans cannot decide what to name their new business, as it is so different from their usual business variations of clothing and sweaters. Some of the names they have come up with include Homi

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Potential Cardigan Home Store Business FormationMemo - Potential Cardigan Home Store Business FormationNameInstitutionDatePotential Cardigan Home Store Business FormationMemo Potential Cardigan Home Store Business FormationDate:To: P. Strami and Mable BaconFrom:Re: Potential Cardigan Home Store Business FormationOwing a new business is one of the big decision for any industrialist. There are threefundamental types of business ownership. 1st is partnership, 2nd is sole proprietorship, and the 3rdone is incorporation.A small business with only one worker is called the owner Sole proprietorships. on theother hand,to run a business an industrialist needs to appoint a manager in sole proprietorship torun the enterprise on a daily basis (Kelly, 2013). It is the duty of owner to realize all the profitsfrom the business and in case of loss assumes accountability. The sole proprietorship is theeasiest form of ownership among all. It is the highly used type of ownership. Selection andregistration of the business name is one of the essential things to be considered (Kelly, 2013). Itis needed to register any business name with a local government agency that does not completelyincorporate the personal name of the business holder (Kelly, 2013). Regarding to the function ofthe business, all the choices are made by Owners of sole proprietorships. The possessions ofentrepreneurs and its business are combinly considered in sole proprietorships (Kelly, 2013). Insh
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