LAW/531 week 2 Business Forms and Governance_A+ guaranteed

LAW/531 week 2 Business Forms and Governance_University of Phoenix

Purpose of Assignment
The legal form an entity or individual takes is a decision that must be
considered from a risk and liability perspective, not simply one of ease
of formation or cost. Form can impact the entities ability to grow and, in
some circumstances, its ability to survive. As you consider this reality
and approach this assignment, consider not only the form the business
takes but also the way it will be governed. Remember the law requires
business leaders conduct their business ethically and within the
boundaries of the law.
Assignment Steps
Resources: Legal Environment of Business: Online Commerce,
Business Ethics, and Global Issues: Ch. 14, 15, 16 and 17; Week 2
Electronic Reserve Readings; Legal Source database located in
the Week 2 Electronic Reserve Readings
Scenario: You are sole proprietor presenting to a group of investors
where you are seeking 20 million dollars to raise capital for your
manufacturing company.
Prepare a 10- to 15-slide Microsoft® PowerPoint® presentation for your
potential investors including both parts:
Part I:
Choose the one form of organization best suited for your manufacturing
company and explain why:
• Partnership
• Limited Liability Partnership
• Limited Liability Company (including single member LLC)
• S Corporation
• Corporation
Outline for the investors which form of organization (from the list of six
under the first bullet) would be the least suited and why?
Part II:
Address the following for the investors regarding the corporate form of
organization only (from the list of six under the first bullet):
• Summarize for investors what legal liabilities could arise for the
Director or officer of that board?
• Explain how you could minimize those liabilities for the Director or
officer of that board?