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)
• 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

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