Business Law course '' ,

Business Law course ” ,

the sources should be from articles or book that easy to reach, DO NOT use books that to reach to the pages I need to buy the book. I will read the paper and will go

to read the sources, please take care of this. The assignment is:

Megan has opened a couple of similar restaurants. She has at least two friends who are willing to invest some money to help get the business moved forward, Tom and

Rashida. Her restaurants have poor cash flow for now, and this is Megans first run as an owner in the restaurant industry. Tom has managed restaurants in the past.

Other acquaintances of Megans have been enthusiastic and supportive of Megan and many have expressed interest in helping her out with the business financially or in

some other way. Megans goal is to open several locations for the restaurant, and either go public with the chain in an IPO (initial public offering) or sell the chain

to another, larger and well-established restaurant chain. Megan is concerned that if she sells an ownership interest or interests in the business, bean counters will

take over her business, and adversely affect her creativity to create innovations and update her current product. She is also concerned that certain employees in her

firm, such as Jared, the lead chef, will leave her company and start competing restaurants with a similar format.

What type of business should Megan form? How can she protect herself from current employees potentially competitive actions if they leave?

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