Question

1. 1. Scenario: Jean Luc Picard and Beverly Crusher wish to open a sports entertainment venue named Final Frontier. They will open one location that serves lunch and dinners. It will also feature trampoline jump zones, go carting, batting cages, basketball courts, tennis courts, swimming pools, and an arcade. The venue will staff 5 members of management, 15 kitchen staff, 10 servers, and 25 individuals to service the different attractions.
2. Determine the best business entity formation type that is available for Final Frontier. Be sure to carefully address why the other types are not viable

Answer 1

THE BEST BUSINESS FORMATION SHALL BE PARTNERSHIP.

CLEARLY THERE ARE TWO PERSONS WHO ARE STARTING TOGETHER A BUSINESS SHARING EQUAL RISKS AND REWARDS AND THERE IS NO SINGLE PERSON TAKING AN INITIATIVE SO THEY CAN'T GO FOR THE PROPRIETORSHIP ROUTE.

SECONDLY THEY COULD GO FOR THE CORPORATE WAY BUT SINCE THERE BEING ONLY TWO PERSONS DOESN'T MAKE SENSE TO GO FOR THE CORPORATE ROUTE AND ALSO THE NUMBER OF COMPLIANCES TO BE FOLLOWED ALSO INCREASES IN THE CORPORATES