Taraun Has Always Dreamed of Starting His Own Restaurant

Multiple Choice

Taraun has always dreamed of starting his own restaurant. He graduated from culinary school and has worked as an executive chef in several restaurants. Now that he is ready to open his own restaurant he realizes he will need some help. Taraun is obviously knowledgeable about all things culinary, but needs some help with management, marketing, and finance. Which of the following is the best choice for Taraun?

A) a partnership, because Taraun can purchase an existing restaurant and maintain all of the employees
B) a corporation, because it has perpetual life and the restaurant can stay open forever
C) a partnership, because it will combine the knowledge of multiple people
D) a sole proprietorship, because Taraun knows everything he needs to know about starting a restaurant