Creating a Business Organization

The purpose of this assignment is to:

Apply the legal principles necessary to create a business organization.
Recognize, analyze, and discuss various legal problems presented in specific situations.
Develop critical-thinking and case-analysis skills.
Overview

Starting a business involves planning, making key financial decisions, and completing a series of activities. Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business. This assignment provides you with some essential elements used to determine is your business idea will be viable.

Action Items
Log into the U.S. Small Business Administration website and click on the Business Guide.
Read through the following topic areas to become familiar with the stages of business development: Plan, Launch, Manage, Grow.
Choose a type of business organization that you would like to create and develop the initial steps of a business plan.
Develop a paper, including a reference page, using the following Table of Contents:
Plan Your Business
Company Name and Description
Legal Issues
Start-up Costs
Launch Your Business
Business Location
Rationale for Business Location
Business Structure
Rationale for Business Structure
Liability & Taxation
Manage Your Business
The Company Team
Employment Law Issues
Emergency Preparedness
Grow Your Business
Local Resources
Business Characteristics
Include the following Criteria for Starting a Business for each section.
Based on your paper, create a PowerPoint Presentation for one of the four sections. Your section will be assigned to you by your instructor.
Section One: Plan Your Business
Section Two: Launch Your Business
Section Three: Manage Your Business
Section Four: Grow Your Business
Submit your paper and PPT before the class Meet session.
Submission Instructions
By the date assigned by your instructor, submit your work.
Have a copy of your answers with you and be prepared to present during this week’s Meet session.
Grading Criteria
Demonstrating critical thinking in answering: 0-35 points
Presentation (flow of ideas and critical thought): 0-15 points
Potential point reductions associated with spelling, grammar, and writing style: 0-10 points