Business Finance - Management MBA 510 Week One Assignment. Depict Different Business Structures in a Poster + ASC Paragraph

Learn About the ASC

Overview of Services:

Link / reference: https://resources.nu.edu/learnasc

Academic Success Center services are designed to support the foundation, preparation, and connections principles that often guide the academic engagement support teams. Using a holistic tiers of service approach helps to ensure each student receives wraparound assistance that is personalized to their specific needs.

· Foundation (Tier 1): Robust collection of readily available resources and tools. 

· Preparation (Tiers 2 and 3): Services that prepare students to achieve their academic and personal goals.

· Scheduled Academic Coaching – Includes a variety of synchronous group and individual sessions, as well as asynchronous recorded coaching sessions.

· Scheduled appointments with Alumni Navigators: Alumni navigators offer personalized assistance to empower you with the resources, skills, and confidence needed to succeed at NU and beyond.

· ASC Chat (synchronous) – Students can ask quick questions and schedule individual coaching sessions while chatting with a coach.

· Ask the ASC (asynchronous) – Students can submit questions via text message, a form, or via email.

· Connections: Successful coaching should always include opportunities for students to build strong connections with peers, coaches, and faculty. 

· Power Hours – Build connections and community while staying on track, strengthening accountability, and working alongside peers.

· Study Sessions – Flexible time to focus on your assignments in a supportive space. No set agenda—bring your own goals .

· Workshops – Guided sessions on specific topics, often with a set agenda or activities to strengthen your skills.

Objectives:

The Academic Success Center objectives are:

· Provide multimodal and accessible resources to the university community.

· Collaborate with faculty and staff to provide students with personalized learning experiences.

· Promote the building of connections (peer, faculty, coach, navigator) through holistic support.

· Challenge students to become active participants in their academic journey.

· Serve as a model of expertise for personalized online academic support known for inspiring student success by offering collaborative and inclusive student-centered assistance.

ASC Mission and Vision

Mission: 

The mission of the Academic Success Center (ASC) is to support students through the process of learning and developing their identities as scholars and practitioners.

Vision:

The Academic Success Center strives to promote academic achievement by working collaboratively with students and faculty to promote learning and engagement as lifelong consumers of knowledge.

History

The Academic Success Center (ASC) launched in June 2014. In the beginning, sessions were focused on assisting students with writing and statistics assignments. In 2016, a major paradigm shift occurred during which the center moved away from a tutoring model focusing on a specific deliverable toward an academic coaching model with a focus on skill development. During the same year, the live chat feature launched, providing students with a venue to ask quick questions and receive immediate assistance. Two years later, the Academic Success Center transitioned the ASC Chat service and website to the Springshare platform. The new platform provided students with more modes (text, email, and live chat) to access ASC services.

The data-driven refinement and expansion of the services available in the ASC is an ongoing process. In FY20, the ASC expanded the hours that the chat service was available to include evenings and weekends. During that same time, the number of interactive weekly group sessions increased from 17 to 25, and individual coaching opportunities were increased to meet the needs of the NU community. One of the most notable additions to the ASC during FY20 was the expansion of support to include legal writing. In addition to the ongoing expansion of services, during FY21, the ASC launched a proofreading service to support students working to prepare their dissertation manuscripts for publishing.

LinkedIn Learning for the NU Community

Reference Link: https://resources.nu.edu/ata/linkedinlearning

Learning and growth at school and work (and in life!) is a journey and lifelong process. NU is committed to your professional and personal development and is now proud to offer LinkedIn Learning to its community members!  LinkedIn Learning is provided at no cost to all current NU students as well as faculty and staff. 

NU has partnered with LinkedIn Learning to provide an on-demand video learning platform to help you develop and enhance skills. Within LinkedIn Learning, there are over 16,000 courses and Learning Paths taught by industry experts.  Courses include business, creative, and technology and the broad range of topics in each category.

Personalized online learning the whole campus will use, love and apply. Bolster student outcomes with insights only LinkedIn can provide. 

· Students: Stand out in a crowded job market by learning skills that support your program and empower you to transition from the classroom to the workforce. 

· Staff and Faculty: Faculty and staff can keep up to date on new technology and continue their professional development.  LinkedIn Learning is a great way to supplement course content and your students improve their skills.

Why use LinkedIn Learning?

LinkedIn Learning lets you learn at your own pace. You can select courses relevant to your current role or degree program in areas like Business, Technology and Marketing. The content is focused on job skills and can be good for those wanting to learn software platforms specific to their job, but you can also pursue other passions! With courses on financial literacy, social media, even drawing and music theory, you’ll be able to grow and develop in the areas you care about both at and outside of the University.

You may watch an entire course, or individual videos – some are as short as four or five minutes. You will be able to bookmark courses that suit your interests, keep track of the courses you have taken, and when you complete a course, you’ll receive a certificate. You have the opportunity to refine or develop your professional skills, learn new software, and explore other areas as you plan for your education and career growth.

LinkedIn Learning Highlights

Watch the YouTube video. Links to help get more information:

https://youtu.be/cMRv1HlHXlc

https://youtu.be/YWp6AN00D_c

https://youtu.be/icBHQmtkU80

https://youtu.be/ur6wzm2ebdw

Understanding Business Structures

The 21st century is changing the way many organization owners do business. One fundamental change that affects business is the rapid growth of technology, which is harnessed in innovative and competitive ways to reach consumers via social media and websites. The role of artificial intelligence and how it can affect or facilitate business is just not being discovered. Another critical change involves an increasingly transparent and socially conscious world. Modern consumers expect much from a business regarding social responsibility, quality, and dependability. For example, social responsibility includes consistently creating diverse and equitable work environments, green awareness such as recycling, and reducing the company's carbon footprint. The pandemic challenged many organizations to re-think how businesses should operate, from remote workplaces to a move to a more robust online marketplace.

As you work through this week, you will learn the foundations of setting up a 21st-century business by understanding structures that will deliver the best outcome for the owners. As noted in sba.gov, business structures remain the same, except for adding a sub-type S (that meets specific IRS requirements) and C (where owners or stakeholders are taxed separately from the entity) to corporations.

There are seven main structures to consider choosing for a business and three different types of corporate structures. Depending on the company's mission and vision, the owner must decide which structure is best suited for their business. A structure can be changed through the state legal system. Different structures provide owners more legal protection and tax benefits than others, as you will notice when reviewing irs.gov.

Hover your mouse over each business structure to learn more.

Open activity in a new window  

· Sole Proprietor – A business run by the owner; it is the most used structure.

· Partnership – A business owned and managed by two or more people.

· Limited partnership – A business that a general partner with unlimited liability runs. Any other partners have limited liability in the business.

· LLC – Limited Liability Company protects the owner(s) from losing personal assets in most cases.

· Non-Profit – 501(c)(3) has special IRS tax-exempt status and is organized to do charity or other specific work.

· Co-Op - A cooperative business is owned and organized by the people using its services.

· Corporation – C Corp is a legal entity and exists separately from the owner(s).

· Subchapter S corporations – S Corp are taxed on a "flow-through" basis. This means that tax liabilities from income are passed onto the corporations' shareholders to be declared individually.

· B Corporation - also B Lab or B Corp is a private certification of for-profit companies of their "social and environmental performance."

Your resources for this week will explain these in detail. You may do additional research to explore business structures further.

Use the APA guidelines (7th ed.) to write and format papers, including a title page, content headings, and a reference page.

References

· Internal Revenue Service. (n.d.).  Business: Small business and self-employed. https://www.irs.gov/businesses/small-businesses-self-employed/business-structures

· U.S. Small Business Administration. (n.d.).  Choose a business structure. https://www.sba.gov/business-guide/launch-your-business/choose-business-structure

Learn About the ASC

Overview of Services:

Link / reference: https://resources.nu.edu/learnasc

Academic Success Center services are designed to support the foundation, preparation, and connections principles that often guide the academic engagement support teams. Using a holistic tiers of service approach helps to ensure each student receives wraparound assistance that is personalized to their specific needs.

· Foundation (Tier 1): Robust collection of readily available resources and tools. 

· Preparation (Tiers 2 and 3): Services that prepare students to achieve their academic and personal goals.

· Scheduled Academic Coaching – Includes a variety of synchronous group and individual sessions, as well as asynchronous recorded coaching sessions.

· Scheduled appointments with Alumni Navigators: Alumni navigators offer personalized assistance to empower you with the resources, skills, and confidence needed to succeed at NU and beyond.

· ASC Chat (synchronous) – Students can ask quick questions and schedule individual coaching sessions while chatting with a coach.

· Ask the ASC (asynchronous) – Students can submit questions via text message, a form, or via email.

· Connections: Successful coaching should always include opportunities for students to build strong connections with peers, coaches, and faculty. 

· Power Hours – Build connections and community while staying on track, strengthening accountability, and working alongside peers.

· Study Sessions – Flexible time to focus on your assignments in a supportive space. No set agenda—bring your own goals .

· Workshops – Guided sessions on specific topics, often with a set agenda or activities to strengthen your skills.

Objectives:

The Academic Success Center objectives are:

· Provide multimodal and accessible resources to the university community.

· Collaborate with faculty and staff to provide students with personalized learning experiences.

· Promote the building of connections (peer, faculty, coach, navigator) through holistic support.

· Challenge students to become active participants in their academic journey.

· Serve as a model of expertise for personalized online academic support known for inspiring student success by offering collaborative and inclusive student-centered assistance.

ASC Mission and Vision

Mission: 

The mission of the Academic Success Center (ASC) is to support students through the process of learning and developing their identities as scholars and practitioners.

Vision:

The Academic Success Center strives to promote academic achievement by working collaboratively with students and faculty to promote learning and engagement as lifelong consumers of knowledge.

History

The Academic Success Center (ASC) launched in June 2014. In the beginning, sessions were focused on assisting students with writing and statistics assignments. In 2016, a major paradigm shift occurred during which the center moved away from a tutoring model focusing on a specific deliverable toward an academic coaching model with a focus on skill development. During the same year, the live chat feature launched, providing students with a venue to ask quick questions and receive immediate assistance. Two years later, the Academic Success Center transitioned the ASC Chat service and website to the Springshare platform. The new platform provided students with more modes (text, email, and live chat) to access ASC services.

The data-driven refinement and expansion of the services available in the ASC is an ongoing process. In FY20, the ASC expanded the hours that the chat service was available to include evenings and weekends. During that same time, the number of interactive weekly group sessions increased from 17 to 25, and individual coaching opportunities were increased to meet the needs of the NU community. One of the most notable additions to the ASC during FY20 was the expansion of support to include legal writing. In addition to the ongoing expansion of services, during FY21, the ASC launched a proofreading service to support students working to prepare their dissertation manuscripts for publishing.

LinkedIn Learning for the NU Community

Reference Link: https://resources.nu.edu/ata/linkedinlearning

Learning and growth at school and work (and in life!) is a journey and lifelong process. NU is committed to your professional and personal development and is now proud to offer LinkedIn Learning to its community members!  LinkedIn Learning is provided at no cost to all current NU students as well as faculty and staff. 

NU has partnered with LinkedIn Learning to provide an on-demand video learning platform to help you develop and enhance skills. Within LinkedIn Learning, there are over 16,000 courses and Learning Paths taught by industry experts.  Courses include business, creative, and technology and the broad range of topics in each category.

Personalized online learning the whole campus will use, love and apply. Bolster student outcomes with insights only LinkedIn can provide. 

· Students: Stand out in a crowded job market by learning skills that support your program and empower you to transition from the classroom to the workforce. 

· Staff and Faculty: Faculty and staff can keep up to date on new technology and continue their professional development.  LinkedIn Learning is a great way to supplement course content and your students improve their skills.

Why use LinkedIn Learning?

LinkedIn Learning lets you learn at your own pace. You can select courses relevant to your current role or degree program in areas like Business, Technology and Marketing. The content is focused on job skills and can be good for those wanting to learn software platforms specific to their job, but you can also pursue other passions! With courses on financial literacy, social media, even drawing and music theory, you’ll be able to grow and develop in the areas you care about both at and outside of the University.

You may watch an entire course, or individual videos – some are as short as four or five minutes. You will be able to bookmark courses that suit your interests, keep track of the courses you have taken, and when you complete a course, you’ll receive a certificate. You have the opportunity to refine or develop your professional skills, learn new software, and explore other areas as you plan for your education and career growth.

LinkedIn Learning Highlights

Watch the YouTube video. Links to help get more information:

https://youtu.be/cMRv1HlHXlc

https://youtu.be/YWp6AN00D_c

https://youtu.be/icBHQmtkU80

https://youtu.be/ur6wzm2ebdw