Write a 275-400 word paper discussing the business entity below.
Be sure to consider control, taxation, and liability issues.
Restaurant or bar: Lou and Jose plan to open a sports bar and restaurant where customers socialize and watch sporting events on large-screen televisions that hang around the bar. They do not have much money, but they do have Miriam, a wealthy investor who does not have time to participate in the business, but wants to provide capital to start the business in return for a percentage of ownership.