Ask Question
BusinessBusiness
14 December, 14:07

You have a neighbor, Mr. Peterson, who comes to you for advice. He owns a fish and chips restaurant, "The Codfather, LLC" which he started and has built up for 25 years in the neighborhood. Mr Peterson is ready to retire and wants to transfer ownership of his business to his 40 year old son. What is the best advice to give Mr. Peterson

+5
Answers (1)
  1. 14 December, 14:25
    0
    The first advice I would give Mr. Peterson would be to formalize the transfer. So the first step in this situation would be to contact a good lawyer to see if the transfer of business to your child would be authorized. This is because the transfer of LLCs has rules that may differ from one location to another.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You have a neighbor, Mr. Peterson, who comes to you for advice. He owns a fish and chips restaurant, "The Codfather, LLC" which he started ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The volume of international trade is governed by factors including the level of domestic economic activity (for example, prosperity versus recession) and restrictions imposed by countries on their imports. True or false?
Answers (1)
4. Dairy Co. sells raw cream directly to the public. Maxwell gets sick after consuming some of Fairy Co.'s raw cream. Maxwell sues Dairy Co.
Answers (1)
2. Explain why globalization is increasing the gap in income, wealth, and economic growth that already exists between developed and developing countries.
Answers (1)
What is the process of earning interest on interest that you've already earned?
Answers (2)
A job earning 60,000 a year, has a gross monthly income of 5,000. true or false
Answers (1)
New Questions in Business
Which of the following costs are not included in finished goods inventory?
Answers (1)
Give two examples of mandatory payroll deductions
Answers (1)
Identify an advertisement or commercial that targets only one of the generational groups. Describe the promotion in detail and identify the intended group.
Answers (1)
From the Farm Fruits, a company that produces and distributes organic fruits for grocery stores, wants to market its fruits in such a way that children will beg their parents to buy them.
Answers (1)
For a given constant required rate of return, the greatest portion of a preferred stockholder's return comes from increases in the price of preferred stock. a. True b. False
Answers (1)
Home » Business » You have a neighbor, Mr. Peterson, who comes to you for advice. He owns a fish and chips restaurant, "The Codfather, LLC" which he started and has built up for 25 years in the neighborhood.
Sign Up Forgot Password?