As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan to organize all of your ideas. For this assignment, you will be submitting a business plan 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/executive summary The executive summary is often considered the most important section of a business plan.  This section briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful.  If you are seeking financing, the executive summary is also your first opportunity to attract a potential investor's interest. The executive summary should highlight the strengths of your overall plan and therefore be the last section you write.  However, it appears first in your business plan. Identify and describe the type of business entity that is best for your business. Examples may include: partnership, limited liability company, corporation, etc. (For purposes of this assignment, you should NOT choose a sole proprietorship for your business entity.) Defend your choice of business entity (this may include advantages/disadvantages of the selected type of business entity based on your business concept). Describe the specific legal steps needed to be followed to successfully start the business. Note: Steps will vary, depending on the type of business you choose and state you are located in. Good sources of research for this area include the following: Textbooks Information on the business formation process can be found at:  http://smallbusiness.findlaw.com/incorporation-and-legal-structures/business-formation-quickstart.html (Links to an external site.). The Small Business Administration website will be helpful; it includes information on how to start a small business. Recommend and describe an appropriate written agreement for the particular type of entity chosen. Examples: 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 Modules 6 and 7 Explain potential ethical considerations for your business, including any social responsibility plans or attitudes that your business will embrace. Describe a possible disagreement that could be encountered among the partners or investors and shareholders. Recommend potential resolutions (referring back to the formal documents, such as the articles of incorporation or the partnership agreement). Examples could include the introduction of a new product line, borrowing money for expansion, an advertising campaign, etc. Determine how the business would be terminated if the disagreement between the board of directors, shareholders, or partners could not be resolved.

Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state whereas socialism is a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. (Shaw, William H. (2014). Business ethics (8th ed.). Boston, MA: Wadsworth, Cengage Learning). In this assignment, you will define the roles capitalism and socialism play along with the pros and cons of each. In two to three (2-3) paragraphs:Briefly define, in your own words, the concepts of capitalism and socialism. Then list three pros and cons of each.The specific course learning outcomes associated with this assignment are:Determine the considerations for and process of ethical business decision making to balance corporate and social responsibilities, and address moral, economic, and legal concerns.Analyze selected business situations using the predominant ethical theories, such as utilitarian, Kantian, and virtue ethics to guide ethical business decision making.Use technology and information resources to research issues in business ethics.Write clearly and concisely about business ethics using proper writing mechanics.

1)Working in your assigned group, discuss the following scenario and develop your response. Ann has a Diploma in Accounting and completed the Payroll Compliance Practitioner (PCP) certification one year ago. She has been working as your Payroll Coordinator for two years and is eager to grow within the department. You will be retiring from your role as Payroll Manager in three years and need to update the succession plan for the department. You feel Ann has the personal skills necessary to fill the Manager role,but needs further professional development. Prepare a three-year education and training development plan for Ann. 2) Using your current or previous position(s), identify three SMART cascading objectives. These personal objectives should be based on the Payroll department's priorities, established by the organizational strategic plan. Include the organizational and departmental objectives that your personal objectives cascade from. Describe the steps required for you to achieve your objectives.