Mechanics of Forming a Business Entity Assignment
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Mechanics of Forming a Business Entity Assignment
BA 478
UNIT 5 ASSIGNMENT DUE AUGUST 8, 2017
“Mechanics of Forming a Business Entity (LLC)”
“Discernment Problems in Entity Creation”
This week’s assignment has two parts:
PART 1: (Mechanics of creating an entity)
Go to the following on the web, and read pages 1-12 and 39-41:
http://sos.oregon.gov/business/Documents/business-guides/start-business-guide.pdf
Then go to http://sos.oregon.gov/business/Documents/business-registry-forms/llc-articles.pdf
Fill out the following sections on the form: 1, 2, 7, 8 (if applicable), and 12. Of course, assume you are actually starting a new LLC!
Then save and upload the form on Moodle as you would with other assignments. That’s all you need to do for Part 1!
The purpose of this exercise is to acquaint you with the Corporation Division site and the range of business entity types, and to illustrate how simple it is to form a business entity. If you were to file your form, you would merely need to pay a processing fee of $100.00, and the Oregon Corporation Division would post information about your new business operating entity on line.
The real work, of course, would be to prepare an LLC operating agreement, fund the business, and otherwise do what is necessary to begin operations.
You can find several examples of LLC operating agreements by simply googling the term online.
PART 2: (Closely-Related Entity Genesis, Relationships, and Squabbles)
Read the newspaper articles posted on Moodle.
In two to three double-spaced pages, describe the two entities involved in this squabble (for-profit? non-profit?), which entity created the other, and the core “legal relationship” problem between the entities described by the newspaper articles. Also describe the resolution and what could have been done differently, in the beginning, to avoid this problem (at the time the second entity was created).
The purpose of this assignment is to heighten awareness of non-profit entities, illustrate the possible problems with lack of forward thinking, and illustrate the intricacies and careful planning needed for creation of close-knit entities.
Mechanics of Forming a Business Entity Assignment
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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