Assume you will start a new restaurant and rent space for your business in a strip mall or 3-story office building in Fairfax County, Virginia. Pick a name for your business consistent with your business form. You would like to start a Limited Liability Company (LLC). Assume you will be an owner and an employee of your business. Explain the following:
What level of liability exposure does your business form create?
How many employees will you have and what will your employee do?
Explain one Federal statute that we covered in class that your business must follow and why.