Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Do you think you’d be able to give sound advise if someone asked you to recommend a legal business structure for their company? The individual who has approached you wants to know the advantages and disadvantages of each structure so that they can decide which one best suits their needs. They’d also like to know about any legal implications and the actions needed in putting the structure together.
The XYZ Logo
Assuming the position of a junior legal research team member at XYZ Corporation for this Assignment, you will have the opportunity to make that proposal. The firm has been tasked with reviewing different business scenarios for clients in order to determine suitable business structures. You’ve been tasked with obtaining some background information on the subject as well as writing a report that examines the clients’ legal structure alternatives for their new businesses.
Review the Learning Resources and analyze how different business owners will have varied objectives and needs when deciding on a legal business structure when preparing for this Assignment. Make an effort to anticipate those requirements.
BY THE SEVENTH DAY
Provide recommendations for acceptable legal structures for each of the five customers’ business kinds in your report. In your report, address the following for each scenario:
Choose the most appropriate type of business structure for the situation.
Make a list of the advantages and disadvantages of the suggested structure.
Make a list of the processes involved in establishing this sort of business organization.
Include legal considerations and instances of connected legal difficulties, such as personal liability and taxes, as well as, if applicable, profit sharing.
1st scenario
Karen and Alex collaborated to design a concept for a website development firm. To do so, they’ve invited three associates to put their personal money into the company in exchange for a share of the revenues. The three investors will not be required to participate in the proposed company’s day-to-day management or operations. (34 paragraphs, 225300 words)
2nd scenario
Anika founded Wheels Up, a skateboard company, a few years ago and has run it as a sole proprietorship since then. Wheels Up has been a success, with a large workforce and management team; nevertheless, a market opportunity has emerged that could result in considerable and long-term growth. Anika wants to modify the way her company is organized. She is currently in talks with venture investors about investing in the company. Sandra and Geoff, two of her employees, are so important to the company that she wishes they had a bigger part in it. (34 paragraphs, 225300 words)
Scenario 3: George wants to create his own landscaping company, which he will call Landscaping by George. Heavy machinery, a huge vehicle with a hydraulic lift, and an open trailer would be required for the job. As a result, he is concerned about causing an accident and being sued. He is primarily concerned with minimizing the risk of losing his home and other personal assets as a result of a business-related event. (34 paragraphs, 225300 words)
4th scenario
Jose has launched a website where he sells T-shirts, coffee mugs, bumper stickers, and other stuff that he designs and manufactures himself. He wants to start a company based on this website, and he wants to do so in the simplest way possible. (34 paragraphs, 225300 words)
5th Scenario
Deborah is the owner of a bakery noted for its unique cupcakes. The gourmet chocolates that Theo makes in his candy store are the most significant elements in her recipe. They want to work together to create a corporate structure that will help them sell both of their brands and educate consumers about the importance of their goods’ interactions. (34 paragraphs, 225300 words)
Note: To back up your work, make sure to cite at least one scholarly source for each scenario in your report. To complete this Assignment, use the Week 6 Assignment Template found in this week’s Learning Resources.
Report on Legal Business Structure Recommendation Scenarios in Business Law
RUBRIC |
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Excellent Quality 95-100%
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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. |
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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. |
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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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Report on Legal Business Structure Recommendation Scenarios in Business Law |
Report on Legal Business Structure Recommendation Scenarios in Business Law