Valentino and Eva are siblings who have inherited a large sum of money. They hope to use their inheritance to start a restaurant together. Both Valentino and Eva have worked in restaurants their entire lives, and both have strong business backgrounds, but they are concerned about the strong competition in their community. Use what you have learned about business organizations to advise Valentino and Eva. Which type of business organization should they consider when setting up their new restaurant? Include at least two reasons for your advice.

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06-12-2017
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Valentino and Eva are siblings who have inherited a large sum of money. They hope to use their inheritance to start a restaurant together. Both Valentino and Eva have worked in restaurants their entire lives, and both have strong business backgrounds, but they are concerned about the strong competition in their community. Use what you have learned about business organizations to advise Valentino and Eva. Which type of business organization should they consider when setting up their new restaurant? Include at least two reasons for your advice.

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andriansp andriansp · Answer 1 · 2017-12-20T10:30:20+01:00

In my opinion, limited partnership would be the best type of organization for Valentino and Eva.
- Limited Partnership will establish Valentino and Eva as partners with equal influences. Since they both have strong business background, i believe this would be really important for them.
- Since there are many competitors, the restaurant buisness might not be failed and forced to close. In limited partnership , Valentino and Eva's assets would be protected from the liability that derives from the liquidation process.

topeadeniran2 topeadeniran2 · Answer 2 · 2021-12-06T14:10:46+01:00

The type of business organization that they should consider will be a partnership.

Partnership simply means a formal arrangement by two or more people to manage and operate a business and share the profit that is gotten.

It should be noted that since Valentino and Eva are siblings who have inherited a large sum of money, the partnership business will be appropriate as they can manage the business together and share the profit accordingly.

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