Franco and Melanie Start a New Business Called F&M Delivery

question 83

Essay

Franco and Melanie start a new business called F&M Delivery. Franco contributes $50,000 in cash and Melanie contributes a fleet of vans worth $80,000. The business assumes Melanie's $30,000 debt on the van. The business borrows $500,000 to purchase necessary buildings and for working capital. They anticipate that the business will suffer losses for at least three years before it becomes profitable. Which entity forms would be appropriate for Franco and Melanie's new business?

---

Definitions:

Motivating Workers

The process of inspiring employees to achieve high performance and exceed their work-related goals.

Employee Affinity Group

Groups within an organization formed around shared interests, characteristics, or experiences, aimed at fostering a diverse and inclusive workplace.

Group Characteristic

Attributes or qualities that define a group and differentiate it from other groups, including its structure, goals, norms, and roles within the group.

Managing for Diversity

Strategies and practices aimed at creating a respectful and inclusive workplace that leverages the unique backgrounds and perspectives of all employees.