Business Organizations & Regulation
Business Organizations & Regulation
Deliverable Length: Proposal: 1,750–2,200
words APA Style
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)
- Partnership,
- 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
- Steps
- A
draft of the appropriate written agreement for the particular type of
entity chosen- Articles
of incorporation, articles of organization, partnership agreement, etc.
- Articles
- A
draft of a valid contract with a vendor, supplier, customer, etc. that
illustrates all elements of a contract
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