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Create a comparison chart that shows the business structures

Assignment Help Business Law and Ethics
Reference no: EM132011847

Background: Businesses are created in one of several organizational structures, or forms. Before launching any new business, an essential step is to decide which business structure (sometimes called business form) is most favorable for the business and its owners. Jo, Maddy, and Taylor recognize the significance and implications for choosing an appropriate business structure for PI.

A priority goal for all the owners is to minimize legal risks and liabilities, as well as tax liabilities, for the owners and the business. They understand that a business organizational structure can achieve this goal, and can define their managerial roles and responsibilities clearly to satisfy their interests and maximize their areas of expertise.

The owners agree that weighing and balancing advantages and disadvantages for the company and its owners is the heart of the process of choosing a business structure for PI. The owners have met privately to discuss business structures. They are now ready to meet with BCA for further analysis, negotiation, and a decision regarding the PI business structure.

Instructions: To assist in this process, Pat and Gale asked you to assess several business structures and their characteristics, advantages and disadvantages for PI and the owners. Those structures are:

Partnerships (all types)
S Corporation
General Corporation
Limited Liability Company

Evaluate and synthesize this information, and do the following. ( Label all parts.)

A. Create a comparison chart that shows the four business structures and compares and contrasts each type of structure. You may use the chart format in the hyperlink above, or create a similar chart, or create an excel chart.

B. Write a memo to PI owners:

1. recommending a business structure for PI that best minimizes tax and personal liability for the new business and its owners

2. explaining and justifying your recommendation, specifically and in detail.

Memorandum format:

Memorandum

TO: Pat Braden, Gale Roth

FROM: (your name)

RE: Painted Images Business Structure

Double space; 12-point Arial or Times Roman font

Verified Expert

It is a simple assignment which deals with explaining what are a various form of business structure and what is it features. This assignment can be dealt with general understanding and knowledge.

Reference no: EM132011847

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urv2011847

12/10/2018 1:10:42 AM

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len2011847

6/8/2018 1:07:27 AM

Adheres to Instructions 0.5 points Fully follows instructions, attempts all required parts of learning activity. .45 - .50 0.4 points Follows most, but not all, instructions, and/or attempts most, but not all, required parts of learning activity. .40 - .445 0.35 points Fails to follow approximately half of instructions, and/or fails to attempt approximately half of required parts of learning activity. .35 - .395 0.3 points Fails to follow most or all instructions, and/or fails to attempt most or all required parts of learning activity; OR fails to submit learning activity. 0 - .30 Overall Score Level 4 4.5 or more Level 3 4 or more Level 2 3.5 or more Level 1 0 or more

len2011847

6/8/2018 1:07:18 AM

APA Usage 1 point Posts contain the appropriate number of APA in-text citations and reference list matches; no errors are present. .90 - 1.0 0.8 points Attempts in-text citations and reference list but errors in formatting exist; paraphrasing is not accurate or in-text citations are not used frequently enough. .80 - .89 0.7 points Attempts in-text citations or reference list but omits one or the other. In-text citations seldom used where warranted. .70 - .79 0 points No evidence of APA used. 0

len2011847

6/8/2018 1:07:06 AM

Writing Clarity & Mechanics 0.5 points Contributes to discussion with clear, concise comments formatted in an easy to read style that is free of grammatical & spelling errors. .45 - .50 0.4 points Contributes valuable information to discussion with minor clarity and mechanics errors. .40 - .445 0.35 points Communicates in friendly & courteous manner but with substantial errors in clarity and/or mechanics. .35 - .395 0 points Little to no evidence of proofreading or attempt at applying conventional writing mechanics. 0

len2011847

6/8/2018 1:06:59 AM

Learning Activity Analysis 3 points Demonstrates critical analysis, depth of analysis, comprehensive development of concepts, issues, and their application to facts; shows evidence of having read course materials and understanding of concepts. 2.7 - 3.0 2.4 points Demonstrates generally superior critical analysis, and evidence of having read course materials and understanding of concepts, but some additional development and more comprehensive discussion of the assigned materials, concepts, issues, and their application to facts is needed. 2.4 - 2.67 2.1 points Demonstrates some to minimal evidence of critical analysis, and evidence of having read course materials and understanding of concepts; analysis is superficial in one/more areas and sufficient only to complete learning activity with little or no evidence of depth of understanding and/or support for conclusions. 2.1 - 2.37 1.8 points Does not meet minimal requirements for assignment; inferior in most or all areas OR submits no assignment. 0 - 1.8

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