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Running Head: KITCHEN NIGHTMARES
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Kitchen Nightmares Analysis
Name
Course
Date
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KITCHEN NIGHTMARES
Kitchen nightmares
What should they be doing right now to protect themselves as they go about
setting up their new business?
The operations of this business promoted the risks of the restaurant’s operations.
Engaging in the proper operations and renovating the restaurant is an imperative method that
may promote this company’s control. With limited liability, the partner’s personal interests are
protected from any risk of being seized to meet the creditor claims (Balwant, nd). Based on this
business’s condition, the partnership’s insolvency would increase the partner’s personal property
risks, thus the need to protect it. To ensure that the court does not pierce the limited liabilities’
veil, the first step would be to ensure that they make the corporation’s status known. This
approach is an effective way to promote business operation and ensure that the company engages
in legal operations. Documenting business actions is the other consideration that may protect
from piercing the corporate veil. Also, since specific formalities are meant to bring about the,
undertaking usual formalities would be an essential measure to ensure that the courts do not
pierce the limited liability veil.
What entity should they form, and where?
The entity that is likely to make an impact is the limited liability partnership. Based on
Mexican food demand in New York, focusing on the city would be essential to promote the
limited liability partnership’s growth. The entity would be an important consideration since it
may allow flexibility of the roles of the partners. The other way it may help them is to offer them
a pass-through tax relief for the liability partnership. The challenge information of this is that it
may require…
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