Business Organizations & Regulation
Deliverable Length: Proposal: 1,750–2,200
words APA Style
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
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