Old Terrapin Sports Pub Business Plan

Old Terrapin Sports Pub bloodline Plan University of Phoenix Entity Business Plan The entity business scheme that will be discussed in this paper will be the Sports Bar Franchise. The name of the conversancy will be named Old Terrapins Sports Pub (OTSP). The business project presented in this paper will show the planning, research and the necessity forms postulate for OTSP. It will also discuss the impact of a global legal environment and how to manage this efficiently on with how the different organizations thrive in such an environment. Organizations Corporations git be unrivalled of the near common, dominant and prevailing organizations, size of monomania in a corporation sewer range from one individual to thousands of owners called shareholders. Although new(prenominal) organizations such as sole proprietorship and partnerships experience and atomic number 50 be honorable organizations, t hey are not incessantly the superior organizations for the global environment. These types of organizations often lack the financing, power and resources needed to work in the global environment. Advantages of a corporation complicate exceptional liability, strong financing and high liquidity of coronation (Cheeseman, 2007).

Corporations can range from government corporations, nonprofit corporations, and for profit corporations they can fool the latest up-to-date technology, the best legal original and world-wide operational resources. The OTPSs is a franchisor and will hope to have several(prenominal) franc hises. A franchise is established when one p! arty (the franchisor, or licensor) licenses an new(prenominal)(prenominal) party (the franchisee, or licensee) to use the franchisors flip-flop name, occupationmarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services (Cheeseman, 2007). Legally, a franchise is an independent contractor. This means that although the franchisees may have OTSPs trademarks, trade secrets and services, the franchisees are liable for their own torts, negligence and contracts. Strengths, Weakness, Opportunities, Threats Strengths:... If you want to nonplus a full essay, order it on our website: OrderCustomPaper.com

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