Discuss ethical concerns with the business scenario, business and finance homework help

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1fninaanu

Business Finance

Description

The purpose of this assignment is to select the best organizational form, and to discuss ethical concerns with the business scenario.

Assignment Steps

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 doesn't want to participate in the daily operations of the business. She also doesn't want to have any personal liability in the business.

Develop a 350- to 700-word summary with the following information:

  • Which business organizational form would be best given the above circumstances, and why?
  • Unbeknownst 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? Why or why not?

Cite a minimum of two peer-reviewed references.

Format your paper consistent with APA guidelines.


Unformatted Attachment Preview

Taxation All business income subject to personal taxation All business income subject to personal taxation, divided equally Corporate income taxed; shareholders taxed only on income distributed Form Creation Continuity Control Liability Sole No formal So long as Total control by Personal Proprietorship documentation, proprietor proprietor obligation for business desires, but all debts and licenses only no transfer to liabilities others Partnership Automatic based Dissolved Each partner Personal on business whenever has equal obligation for conduct; one partner voice; modified all debts and modified by withdraws by agreement liabilities; joint agreement and several liability Corporation Incorporators Perpetual Managed Shareholder apply for state so long as it by officers, obligations charter with can conduct appointed by limited to articles of business directors, who investment, incorporation are elected by absent other shareholders commitments Limited Partnership Dissolved when General Personal Partnership agreement and general partner partners have obligation for certificate filed withdraws total control general in public office partners; where business limited partners is conducted obligated for investment s Corporation Incorporators Perpetual, so Managed Shareholder apply for state long as number by officers, obligations charter with of shareholder appointed by limited to articles of limited directors, who investment, incorporation are elected by absent other shareholders commitments Limited Organizers Dissolved Equal Members are Liability file articles of when member management agents, but Company or organization withdraws by members liable only for Partnership with state but may be unless manager investment official continued by designated those remaining All business income subject to personal taxation All business income subject to personal taxation All business income subject to personal taxation
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Explanation & Answer

Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!

Running Head: FORM OF BUSINESS ORGANIZATION

Form of Business Organization
Name
Course
Tutor
Date

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FORM OF BUSINESS ORGANIZATION

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Form of Business Organization
Given the circumstances, it would be best for them to form a partnership. Adam and
Laura will be active partners while Beth will be a silent or sleeping partner. A partnership is
suitable for this kind of business because there are only three people involved in the startup.
Besides, they will get to enjoy limited outside regulations. It ...


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