Report on Legal Business Structure Recommendation Scenarios in Business Law
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References
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.
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)
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)
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)
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.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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