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Organic Garden

In: Social Issues

Submitted By seeumar
Words 1313
Pages 6
1. Which legal form will you use for your business? Provide specific support for this decision.
Organic Garden will be founded as for profit organization and will be a partnership of two or more people. The partnership form of ownership will be limited liability partnership to provide flexibility for the partners and limit the liability to the partners. Section 306(c) of the Revised Uniform Partnership Act (1997)(RUPA) (a standard statute adopted by a majority of the states) grants LLPs a form of limited liability similar to that of a corporation: An obligation of a partnership incurred while the partnership is a limited liability partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the partnership. A partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or so acting as a partner. This form of business allows the partners to have flexibility in the affairs of the firm and the corporate structure allows the firm to be flexible in the affairs of the firm. Also the company structure allows the firm to hire and attract competent professional for the company. The partners will also be acting as the controlling members of the company and will provide flexibility to any partner to exit or join the business without affecting the functionality of the company. 2. What are the costs involved? Advantages? Disadvantages?
Advantages:
The main advantage to my firm is that of the growing environmental consciousness among the people who are now more concerned about there own carbon footprint on the environment that could have an adverse impact on the society as a whole. Environmentalists have gone a long way in spreading awareness and emphasizing the importance of a healthy environment which has laid the foundation and presented an opportunity that

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