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Business Organization Activity

TOPIC: Business Organization Activity

SUBJECT: Law

TYPE: Essay (any type)

DESCRIPTION:
Part 1 For this activity, you will have the opportunity to closely analyze the various forms of business organizations by creating a fictional business. You can pick any type of business or industry that you have an interest in – for example: a gym, clothing store, accounting practice, social networking site or restaurant. Use this activity to be creative! Please completely address all of the following questions in your essay. Your essay will be judged on your capacity to present strong, analytical and logical discussions that support your conclusions. • Describe the nature of your business.

What are your objectives? • Will you organize the business as a sole proprietorship, partnership, limited liability company (LLC) or a corporation? Thoroughly explain your choice including the advantages and disadvantages to your chosen form of business organization. • How must your business be started up or formed? What steps must be taken to ensure proper formation? • Describe your own personal liability for any debts incurred by the business. Are your personal assets safe from creditors? Do you have any options for protecting your personal assets? • Describe the dissolution (or “winding up”) process for your chosen business organization. Can the business continue on after your personal interest is terminated?

Part 2 Read the enclosed article and answer the following questions: Are Clyde and Fresno likely to have much success in their lawsuit challenging the Board’s decisions? Explain. What factors would contribute to the outcome of Clyde and Fresno’s case? Include a discussion of the ethical issues of the case that are not legally driven. This section will, in part, be graded on how successful you are in: a. Assessing the relevant facts supporting your position; b. Applying these facts to the appropriate legal theory; and c. Analyzing the strengths and weaknesses of your position. The assignment should be presented in APA format and be a minimum of 500 words (2 pages or more), to be double-spaced, typed in 12-point font. The point allocation and grading parameters are outlined in the grading rubric for this activity. Please download and print a copy of the grading rubric to use as a reference.

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