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Explanation of the type of business entity

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Reference no: EM13816004 , Length: 1500 Words

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 outline for your imaginary business. For research purposes, you can choose any state for the location of your business. Your business plan outline 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
  • 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
  • Possible ethical considerations for your business, including any social responsibility plans or attitudes that your business will embrace.

Reference no: EM13816004

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