Week 2 Brilliant Answer

Week 2

Purpose of Assignment

The legal form an entity or individual takes is a decision that must be considered from a risk and liability perspective, not simply one of ease of formation or cost. Form can impact the entities ability to grow and, in some circumstances, its ability to survive. As you consider this reality and approach this assignment, consider not only the form the business takes but also the way it will be governed. Remember the law requires business leaders conduct their business ethically and within the boundaries of the law.   

Assignment Steps 

Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues:  Ch. 14, 15, 16 and 17; Week 2 Electronic Reserve Readings; Legal Source database located in the Week 2 Electronic Reserve Readings

Scenario: You are a sole proprietor presenting to a group of investors where you are seeking to raise capital for your XYZ company.

Prepare a 10- to 15-slide Microsoft® PowerPoint® presentation for your potential investors including both parts:

Part I:

Choose the one form of organization best suited for your XYZ company and explain why:

• Partnership

• Limited Liability Partnership

• Limited Liability Company (including single member LLC)

• S Corporation

• Franchise

• Corporation

Outline for the investors which form of organization (from the list of six under the first bullet) would be the least suited and why?

Part II:

Address the following for the investors regarding the chosen corporate form of organization only (from Part I):

• Summarize for the investors what legal liabilities could arise for the director or officer of the board?

• Explain how you could minimize those liabilities for the director or officer of the board?

Cite a minimum of three scholarly references. One peer-reviewed scholarly reference must be from the University Library.    In-text citations should also be included throughout your entire assignment to identify the source of information presented.

Format your in-text citations and reference page consistent with APA Guidelines. 

Click the Assignment Files tab to submit your assignment.