Project #2 - Business Organizations

Project #2 – Business Organizations

This project requires you
to identify and analyze legal issues and to make recommendations based on one
or more fact patterns. The issues will relate to the concepts covered in weeks
4 and 5 about contract law.

For this Project #2, you
will compare and contrast starting a new business as a sole proprietor versus
as a corporation.

Do not overcomplicate the
Project. Be sure to address the
following with respect to your choice in your Report:

The advantages
and disadvantages of each
Liability
Formality
Finances (where
the capital to start and run the business is derived).
Management
Life of business
Liquidity of the
business
Tax
ramifications

Grading:

In grading your contracts, I will be looking for
the following:

Have you
addressed all the key elements of the assignment?
Is your analysis
accurate and thorough?
Are your
conclusions as to the form of entity or entities discussed supported by
specific details and examples?
Are your ideas
expressed in complete sentences?
Do your
sentences and paragraphs transition well, and represent a logical flow to
the subject matter?
Do you utilize
proper spelling, punctuation, and grammar?
Have you used
proper APA format?

Be sure to include title
and reference pages. Identify the topic,
your name, course name, instructor name and due date on your title page. As a reminder, your paper must be drafted
using the APA style, and the substantive portions must be 2-3 pages in length
(excluding title page and references page).
DO NOT EXCEED THIS LENGTH. If you experience any difficulty, please
contact me for assistance.