Project 4: Structuring a New Business Venture

Sol-Energy

Katherine Amaya

Structuring a New Business Venture

University of Maryland University College

MBA 630

“Let’s go solar”

Introduction

Our organization will provide chargers in 3 different classes:

o Compact o Mid-Size o Heavy-Duty

Sol-Energy

• Going green and saving the world • Saving money • Cutting-edge customer service • High-quality, innovative, solar energy

chargers

Mission To provide the highest quality cost effective renewable energy power products and services to customers that are interested in reducing energy costs and carbon footprint.

Vision Together, let’s choose a more responsible way to power our lives: Let’s go solar.

Organization Chart

President/ General Manager

Administration Human

Resources Finance

Marketing and Sales

Solar Power Engineering

Production Line

Best Legal Form

Limited Liability Corporation (LLC)

“A limited liability corporation provides

good protection for most small business”

Advantages and disadvantages

o Ownership and Control o Personal liability o Creation and Maintenance o Taxation and banking fees o Continuity o Compensation

Which Legal issues are most important to the business

• Disgruntled employees • Copyright and Patent issues • Dissatisfied customers • Discrimination and

Harassment

Company’s StructureCompany’s Structure

Functional with agile methodology

• Products offered nationwide and global

• Channel management

• Team member working together

Outsourcing legal department

We will outsource the Legal department

• Lower overhead costs • Experienced attorneys •Convenient access to all types of the legal advice

Conclusion

Being prepared

Researching and understanding business

References • Callison, J. (2012) Nine Bean-Rows LLC: Using the Limited

Liability Company to Hold Vacation Homes and Other Personal- Use Property,Vol. 38, Issue 2 , Article 7, https://open.mitchellhamline.edu/wmlr/vol38/iss2/7

• Trembly Law Firm. (2019). Business Owners: Four Steps to Limit Liability and Reduce Risk. Retrieved from https://tremblylaw.com/business-owners-four-steps-limit-liabilit y-reduce-risk/

• United States Department of Labor(2019). Retrieved from https://www.dol.gov/whd/flsa/tipcredit-fs.htm

• N.A (2019) Legal Process Outsourcing https://www.litigationservices.com/forensics/legal-outsourcing/