Aidan and John

Case Study

Given these facts, Aidan and John may enter into business as a partnership, corporation, or limited liability company. Depending on how much each party would be willing to contribute to the business, Aidan and Jon may enter a partnership. Each party would be personally liable depending on the proportion of the business given to each side given the partnership agreement .Flexibility is a perk that comes along with being a partnership, for each member has the ability to be personally incorporated with the company if they choose to do so. They could also form a corporation, but this would mean that they would have to sell their business to the public. This is appealing because they would no longer be personally liable and it is an easy way to raise funds for company investments. The last, and best, choice would be a limited liability company. Aidan and Jon would benefit from not having to be personally liable, but they will also maintain complete control of their company and its course of action.

After examining which negotiable instruments would be utilized in the business transactions, the promissory note that Rachel, Inc is in control of would be the only instrument present during all of the transactions. Aidan and Jon owe the payments towards Rachel, Inc. because it is the holder of the promissory note. If Rachel, Inc. were to sell the promissory note to another person or company, then that person or company would become the holder in due course and any payments owed would have to be given to that person or company.

The three government agencies involved with the operation of the meat-processing business are the FDA, EPA, and the USDA. The Food and Drug Administration would become involved when the meat is to be labeled and sold. Other than that, all production of the meat would fall under the jurisdiction of the USDA, who is involved with all processing, packaging, and inspection of facilities. The