2 part assignment _ business law essay

Business Law – Unused/ Original Work 2 part of the assignment

Outline a paper (the paper below) Outline Due Wednesday 6/11/14 – before midnight eastern time. (use proper outlinging technique)

Unused/ Original Work 2000 word min (Due Saturday 6/14/2014)

As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan proposal to organize all of your ideas. For this assignment, you will be submitting a business plan proposal for your imaginary business. For research purposes, you can choose any state for the location of your business. Your business plan should include the following:

• Introduction of the proposed business
• Description and explanation of the type of business entity that is best for your business
  • Partnership, corporation, etc. (for purposes of this assignment, you should NOT choose a sole proprietorship for your business entity.)
  • Provide explanation for your choice of business entity (advantages/disadvantages of the selected type of business entity)
• Description of the specific steps needed to be followed to successfully and legally start the business
  • Steps will vary, depending on the type of business you choose
  • Good sources of research for this area include the following:
    • Textbooks
    • State statutes (for example, Chapters 47 and 48 of the South Dakota Codified Laws include information on the business formation process)
    • The Small Business Administration Web site will be helpful; it includes information on how to start a small business
• A draft of the appropriate written agreement for the particular type of entity chosen
  • Articles of incorporation, articles of organization, partnership agreement, etc.
• A draft of a valid contract with a vendor, supplier, customer, etc. that illustrates all elements of a contract and takes into consideration some of the topics discussed in the contract chapters