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For this assignment, you need to watch the video case study “I have a great business idea! Now WHAT?” and prepare a list of recommendations on the primary business law questions an entrepreneur needs to address when deciding to open a business. Your proposal should (1) outline the most urgent decisions the entrepreneur has to make, (2) describe the available options for each decision, and (3) provide a recommendation for each decision. Your proposal should be written as a paper that strictly follows the APA rules for formatting and citations. You need to start with a cover page and include a reference list. You need to use a minimum of 8 different references to support your arguments and recommendations, of which a minimum 4 references are academic and a minimum 4 references are to established professional organizations. Please refer to the grading rubric for a full review of all requirements for this assignment.
Step-by-Step Directions
Introduction (1 paragraph)Describe briefly the business case and your goals for the proposal.
How to organize the business? (minimum 1 page)Define the four options for organizing a business.
Explain the pros and cons of each option in terms of formation and liability.
Make a recommendation on how to organize the business and explain your reasoning.
What ethical considerations should be included?
How to arrange employment? (minimum 1.5 pages)Describe the three options for arranging employment.
Explain the duties and liabilities of employers in employee-employer arrangements, and compare them to the principal’s duties to agents and third parties in agency arrangements.
Make a recommendation for arranging employment and explain your reasoning.
Emphasize the importance of adopting non-discriminatory practices and list three strategies for avoiding employment discrimination.
What ethical considerations should be included?
How to decide on real business property? (minimum 0.5 pages)Describe the two options for the real business property (office space or location).
Provide the key legal steps for each option.
Make a recommendation. Which one is more appropriate in this case, and why?
How to deal with personal property? (minimum 0.5 pages)Describe the term “creation of property.”
Recommend an action step to protect the created product.
How to plan the sales activity? (minimum 1 page)Describe the difference between “sales of goods” and “contract for services.”
Explain which fits the business idea
Emphasize the key legal and ethical considerations regarding consumer protection.
How to create an ethical business? (minimum 0.5 pages)Define what an ethical organization is.
Discuss two ethical issues the business should be cognizant about.
Recommend one strategy related to business ethics and explain its importance.
Conclusion (1 paragraph)Conclude your proposal with a reminder of your goals, a summary of what you have achieved, and a suggestion to the entrepreneur for the next steps.
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