ACC 561, ACC-561, ACC561, ACC/561,ACC 561 Week 2 Small-Business Idea Paper Management Accounting The successful business plan: Secrets & strategies (4th ed.). Palo Alto, CA:

Individual

Small-Business Idea Paper

Imagine the government has released funds for creating small businesses. You are interested in establishing a small business, and you must decide which of the four forms of business organization would best suit your unique product or service. Consider legal, tax, accounting, and other implications when selecting from the four business types.

Write a paper of no more than 1,250 words discussing your small-business idea. Include the following:

·         The advantages and disadvantages of the four different forms of business organization, which include the following:

o    Sole proprietorship

o    Partnership

·         The consequences associated with each form of business organization related to:

o    Tax implications

o    Legal implications

o    Accounting implications, such as SOX and FASB

·         An explanation of the unique product or service your small business provides

·         Your choice of business organization form for your new business

·         Your rationale for choosing this form of business organization

Format your paper and source citations consistent with APA guidelines.

***The paper will graded based on content, grammar, adherence to APA guidelines and adherence to the word limit (1,250 words).