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Business Law – Unused/ Original Work 2 part of the assignment
Outline a paper (the paper below) Outline Due Wednesday 6/11/14 – before midnight eastern time. (use proper outlinging technique)
Unused/ Original Work 2000 word min (Due Saturday 6/14/2014)
As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan proposal to organize all of your ideas. For this assignment, you will be submitting a business plan proposal for your imaginary business. For research purposes, you can choose any state for the location of your business. Your business plan should include the following:
- Introduction of the proposed business
- Description and explanation of the type of business entity that is best for your business
- Partnership, corporation, etc. (for purposes of this assignment, you should NOT choose a sole proprietorship for your business entity.)
- Provide explanation for your choice of business entity (advantages/disadvantages of the selected type of business entity)
- Description of the specific steps needed to be followed to successfully and legally start the business
- Steps will vary, depending on the type of business you choose
- Good sources of research for this area include the following:
- Textbooks
- State statutes (for example, Chapters 47 and 48 of the South Dakota Codified Laws include information on the business formation process)
- The Small Business Administration Web site will be helpful; it includes information on how to start a small business
- A draft of the appropriate written agreement for the particular type of entity chosen
- Articles of incorporation, articles of organization, partnership agreement, etc.
- A draft of a valid contract with a vendor, supplier, customer, etc. that illustrates all elements of a contract and takes into consideration some of the topics discussed in the contract chapters
