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Question Description
- Discuss the benefits and disadvantages of various legal business structures (corporation, sole proprietor, partnership, co-operative, public limited company, branch office, representative office, LLC, PLC, etc.) and other legal considerations of your company. (1 page) two I text citation that must match with peer reviewed references.
- Develop the organizational hierarchy of your company (see below)Continuing on the back-end of your business plan (PA4), organization is key for the success of your new business venture. Organizing your resources to yield maximum returns and fulfill financial obligations while providing solutions to target customer needs is the main theme. In this phase of your business plan you must outline the duties and responsibilities for getting your new business venture through fruition. This would include who will actually write the business plan and who will implement the plans to build a venture. An understanding of how to make a venture team work effectively, constructing a solid external Advisory Board, describe the roles of other stakeholders involved in the venture, and have a plan for legal organizational options for the venture and the implications for liability, protection, and taxes. (2 pages) Use minimum five intext citations that must match with peer reviewed references.
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