Buy an essay on Business Law

There are four key forms of business organization in Canada: sole proprietorship, partnership, corporation and cooperative. Sole proprietorship is the easiest form of business organization concerning registration and allows keeping control over business solely; however, it is intended for small business, and thus, it can be difficult to raise significant capital using sole proprietorship. Also, this form of business implies owner’s unlimited liability.
Partnership can also be quite quickly registered; it gives such possibilities as shared management, but also implies shared risks and decision making. Liability of partners in such form of business organization is also unlimited. Corporation allows having limited liability and is the most efficient form to raise significant capital, but its registration is long and expensive. In addition to that, corporation falls under many legislations and involves a great deal of paperwork. Cooperative is a form of business owned and controlled by its members, who have limited liability. However, registering and maintaining a cooperative requires a large amount of paperwork, and the decision-making process of cooperatives takes long time.
Thus, the most appropriate form for starting a small restaurant and bar business with Wendy is partnership. It will give privileges of shared decision-making and flexibility, equal share in assets and management, and will not involve the troubles of incorporating the business. Also, partnership gives a certain tax advantage if the business is not quite successful, since partnership share will be included into individual tax return of partners.
Further, it is necessary to research the licenses and permits in Alberta that are required for starting a restaurant business. Since a location is already found, no building permit is required. However, a development permit is needed. The building that will be used for business purposes needs to comply with fire safety standards and should adhere with zoning and building standards for the chosen industry. Food establishment will need to be inspected on-site by the Environmental Health Officer. Also, all food handling staff, supervisors and managements need to pass food sanitation and hygiene training.
Naturally, the business should be registered and business license has to be obtained – a business number will be assigned to the partnership identifying the business to the federal government. Both business license and development permit can be provided in local municipal office. Food establishment permit is necessary for restaurant business, and inspection from health services is obligatory. Also, since bas business includes liquor selling, a liquor license has to be obtained; for the purpose of small bar and restaurant, class A liquor license will be appropriate. Finally, if it is supposed that music will be playing in the restaurant, it is necessary to get a music license.
In order to be able to use the chosen name for the restaurant, it is necessary to register it as the partnership’s business name. The procedure for registering a business name for partnerships is relatively simple: it is necessary to search the name at province registry website, and make sure it’s not occupied. After filling the business registration form and paying the fee, it will be possible to use this name. However, if partners are planning to open a network of restaurants later, or to use the name of the restaurant for branding purposes, it will be necessary to register a trademark, which gives the exclusive rights for the chosen name throughout Canada.