ENTP 3200 501 Dave Ruderman April 2, 2018 Business Entity and Resource Assessment Paper Group: Yuri Gfeller, Cara You Part I: This proposal is for opening a Tex Mex restaurant called Casa De Cara (“Cara’s House” in Spanish) in the Haidian district, Beijing, China. Casa De Cara will be a product-based company that sells fast casual Tex Mex food similar to Chipotle, including burritos, tacos, tortilla (torteya) soup, nachos, salad, fruit cups, desserts, and beverages (alcoholic, soft drinks, juice, and tea). Casa De Cara addresses the problems of: (1) desire for the fast-casual Tex Mex food in Beijing. The fast casual market in Beijing witnessed a 14.12% growth in financial year 2016, and our primary competitors in Wudaokou like Q Mex Bar & Grill and the Taco Bar are both bar restaurants that are operating profitably; (2) the customer’s quest for a high fiber, high …show more content…
there will be joint and several liabilities among all partners; 2. my partners will be taxed as individuals based on their value of properties, which may discourage wealthy investors from being my partners; 3. I will share the ownership with my partners, which means I will lose part of the decision-making authorities of my company; 4. we cannot sell shares to raise funds. LLP is not our choice because: 1. we must have at least one general partner who will take the full risk of the company; 2. the limited partners’ risk is limited to their investment amount, which means that the more my investors invest, the riskier it is, and that will discourage their amount of investment; 3. we cannot sell shares to raise funds. The LLC is not under our consideration, for: 1. we cannot sell shares to raise funds; 2. the limited liability based on level of investment may discourage my investors in investing more money if they are risk-adverse investors. Part III: We will also need people-based resources in areas listed below to get specialized knowledge that we need but