Please form a corporation (four shareholders) to buy an existing lounge/club. This restaurant is located in San Francisco. The restaurant serves finger food, and makes 90% of its profit by selling alcohol. The restaurant is worth $400,000.00, but you have only $200,000.00. Find all the necessary steps and fill out necessary forms to form a corporation. Also, please make sure you secure all the lease agreement and other agreement to start your business. Moreover, obtain necessary permits and licenses to ensure your business will be a success.
Hint: Your project should include, but not limited to, the following documents with all the necessary information filled in:
1. Corporation formation
a. Articles of incorporations
b. Bylaws
c. Shareholder agreement
d. Statement of information
2. Purchase of the business
a. Buy sell agreement
b. Bulk notice
3. New business
a. Lease agreement
b. Promissory note
c. Relevant business license and permits
4. ABC License
a. Necessary forms
b. Escrow
c. Escrow instruction
d. Publication
5. Business plan
a. Projected income/expense
b. Floor plan
c. Drink and food menu