Law 531 Class - Business Forms and Governance, business and finance homework help

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Business Finance

Description

Purpose of Assignment

The legal form an entity or individual takes is a decision that must be considered from a risk and liability perspective, not simply one of ease of formation or cost. Form can impact the entities ability to grow and, in some circumstances, its ability to survive. As you consider this reality and approach this assignment, consider not only the form the business takes but also the way it will be governed. Remember the law requires business leaders conduct their business ethically and within the boundaries of the law.

Assignment Steps

Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 14, 15, 16 and 17; Week 2 Electronic Reserve Readings; Legal Source database located in the Week 2 Electronic Reserve Readings

Scenario: You are sole proprietor presenting to a group of investors where you are seeking 20 million dollars to raise capital for your manufacturing company.

Prepare a 10- to 15-slide Microsoft® PowerPoint® presentation for your potential investors including both parts:

Part I:

Choose the one form of organization best suited for your manufacturing company and explain why:

  • Partnership
  • Limited Liability Partnership
  • Limited Liability Company (including single member LLC)
  • S Corporation
  • Franchise
  • Corporation

Outline for the investors which form of organization (from the list of six under the first bullet) would be the least suited and why?

Part II:

Address the following for the investors regarding the corporate form of organization only (from the list of six under the first bullet):

  • Summarize for investors what legal liabilities could arise for the Director or officer of that board?
  • Explain how you could minimize those liabilities for the Director or officer of that board?

Cite a minimum of three scholarly references. One scholarly reference must be from the University Library.

Format your presentation consistent with APA Guidelines.

Click the Assignment Files tab to submit your assignment.

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Explanation & Answer

Attached.

Business Forms and
Governance
INSTITUTION AFFILIATION
DATE

Introduction
 Ford is a motor company that manufactures and sells

vehicles.
 The leaders of any organization must conduct their
organizational activities ethically and legally
 The forms of organization should be well outlines
and conceded before being adopted
 The responsibilities of the organization al leaders
could be liable by the legal laws of the country

Reasons for partnership
 To gain better ideas to improve competitiveness
 To improve on the strengths for both partners for

one organization has different from the other
 Promotes creativity and innovativeness of the
organizations
 To encourage employee collaboration and working
together
 Serves as a ground of encouragement for the
organizations to take higher risks

Reasons for limited liability
 This enables Ford to allow every employee to have a

flexible responsibility.
�...


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