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View Full Version : I am an accountant of clint axl which business suit for him


raj_bhandari
Dec 7, 2010, 07:21 PM
I am accountant of clint Axl. He and his friend slash is going to open restaurent , slash was going to invest $ 1 million but not willing to work actively and give time in Saturday night for musical entertainment only during dinner. Alx agreed to be present in lunch and dinner at least 30% of his time in restaurent and have to not perform any more. They agree to divided profit of business equally. Alx has concerned because Slash has court case which he could lose and as result he have to pay large amount of damages. Premises of restaurent is vacant because last owner has bankrupt and put in jail for money laundering. But Axl believe that business run good. He and Slash want to built business and want to sell for large profit.
[which business structure is suit Alx][accoring to cases or acts of parliament ]

ArcSine
Dec 8, 2010, 06:52 AM
Someone going by the name Slash, facing damages charges, should seek advice over on the sister forum, Axe Me Help Desk.

In the meantime, you need to have a look at this forum's homework-assistance rules. In summary, first you show your efforts at answering the question, then someone steps up with guidance. What are your thoughts on the best structure for this business?