The purpose of the Business Forms Worksheet is (1) to select the best organizational

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timer Asked: Mar 6th, 2018
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Question description

Purpose of Assignment

The purpose of the Business Forms Worksheet is (1) to select the best organizational form based on the scenario and (2) to discuss potential ethical issues raised by the scenario.

Assignment Steps

Read the scenario below.

Scenario: Adam and Laura wish to open a pet grooming shop called Dazzling Doggies Day Spa. Laura's mother, Beth, would like to contribute the startup costs in exchange for a share of profits, but she does not want to participate in the daily operations of the business. She also does not want to have any personal liability in the business.

Complete the Business Forms Worksheet by responding to the following questions:

Question 1: Which business organizational form would be best based on the scenario?

Question 2: Unknown to Laura and Beth, Adam begins to use Dazzling Doggies Day Spa's checking account to pay all his personal bills. Are his actions ethical? Which ethical theory best suits Adam's actions, consequentialism or formalism or both?

Cite at least two peer-reviewed references.

Include a title page and a reference page.

Tutor Answer

mwalimumusah
School: Purdue University

Attached.

Running head: BUSINESS FORMS

1

Business Forms Worksheet
Student’s Name
Institutional Affiliation

BUSINESS FORMS WORKSHEET

2

Business Forms Worksheet
Question #1
The best business organizational form for Adam and Laura is a limited liability limited
partnership. It is a modification of the conventional limited liability partnership (Light, 2015).
Such an arrangement has both aspects of partnerships and corporations. In this case, there must
be one or more general partners and one or more limited partners. In the case given, Adam and
Laura can remain as the general partners while Laura’s mother enters under the limited category.
For example...

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