+1 862 207 3288 Paper instructions:
I. First, determine what you want to do, (I chose a bread pussing bakery shop). Discuss this idea. Tell why you want to do it and what you expect for growth, employee numbers, income, etc.
both 5 years down the road and 10 years down the road with this business. You have already done most of this part in LU 2. Use your LU 2 discussion thread response to formulate this part of
the LU 8 Final Project. II. Second, Review the text Chapters or the internet as to the forms of business – Sole Proprietorship, Partnership – Limited Partners or not, Corporation or Limited Liability
Company. You are to then completely and with substance perform a legal analysis and analyze and discuss each criteria below. Once you have done that it should yield a decision for you as to
your form of business. Your choices are Sole Proprietorship, Partnership (With/Without Limited Partners), Corporation or Limited Liability Company: 1. Control – How much control of the business
do you want? If you want all control, then you would look towards a form that would give you that. If you are willing to give up control, especially for investment and growth, then consider
that. 2. Tax Considerations – What about tax liabilities? Connecticut does not tax LLC’s. It does have a corporate income tax. Does that matter to you? 3. Liability for Debt(s) of the business – If
the business goes bad or gets sued for more than insurance coverage, will you lose your personal assets; house, bank accounts, etc. What forms would protect against that and does it matter to
you? 4. Investment Considerations – Who/How will you obtain investment for your business? If it is a sole proprietorship, it is your credit standing that gets you investment. If it is a corporation,
you can sell stock or bonds. 5. Any Other Legal Criteria you feel relevant – Look through the Chapters in the text we used to cover business forms of Partnership, Corporation and LLC and select
advantages/disadvantages, what I call legal criteria that you believe are relevant. Will your business sell internationally now or in the future. If so you probably would not want a sole
proprietorship. Also, do other nations recognize LLC’s. If not, then you would not want an LLC form. You must completely analyze each criteria above for your project to be satisfactory. III.
Third, select a proper form (Sole Proprietorship, Partnership/Partnership with Limited Partners, Corporation, or LLC) for your business and discuss the two main reasons why you selected this
form from your analysis above.
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