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.
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:
Choose the one form of organization best suited for your manufacturing company and explain why:
- Limited Liability Partnership
- Limited Liability Company (including single member LLC)
- S 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?
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.