Re: Chris's restaurant

No, you can go in as sole proprietor or form a corporation. Corporations
(LLC's) keep you from having personal liability should the business fail or
someone gets injured. Typically, there is more than one person but I don't
think you HAVE to have more than one person. 

Who out there knows?

Andrea H
Beaufort, SC 


> [Original Message]
> From: Christopher P. Lindsey <lindsey@mallorn.com>
> To: <gardenchat@hort.net>
> Date: 7/13/2005 10:51:03 PM
> Subject: Re: [CHAT] Chris's restaurant
>
> > Small business loan. BUT, you have to have a really good business plan
to
> > get one. I had to do one for my advanced nursery mgmt class. And, there
> > were several chapters in there about having coffee shops in nurseries,
> > always located at the rear of the nursery so the customer had to walk
> > through to get to it. Suggested selling ice cream and popscicles as well
> > for those hot days. Sounded like a good idea to me.
>
> Hi Andrea,
>
>    How does a small business loan work?  Do I have to put my house up 
>    as collateral or anything?  If the business fails, do I lose
everything?
>
> Chris (who may know useless trivia, but knows nothing about this!)
>
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