kim woods

Business Forms and Governance Grading Guide

LAW/531 Version 12

kim woods 1

Business Forms and Governance Grading Guide

LAW/531 Version 12

Business Law

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Individual Assignment: Business Forms and Governance 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 its 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 that it will be governed. Remember that the law requires that business leaders conduct their business ethically and within the boundaries of the law.

Resources Required

Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 14, 15, 16 and 17

Legal Source database located in the University Library

Two articles located in Week 2 Electronic Reserve Readings

Grading Guide

Content	Met	Partially Met	Not Met	Comments:
Chose the one form of organization student felt was best suited for their manufacturing company and explained why it is best suited: (1) Partnership, (2) Limited Liability Partnership, (3) Limited Liability Company (including single member LLC), (4) S Corporation, (5) Franchise, (6) or Corporation.
Outlined for the investors which form of organization (from the list of six under the first bullet) would be the least suited and why.
Summarized for the investors (for the corporate form- #6 under the first bullet) what legal liabilities could arise for the Director or officer of that board?
Explained (for the corporate form- #6 under first bullet) how legal liabilities could be minimized for the Director or officer of that board?
The presentation is 10 to 15 slides and is appropriate for the audience.
The presentation includes relevant media and visual aids that are consistent with the content.
		Total Available	Total Earned
			#/4

Presentation Guidelines	Met	Partially Met	Not Met	Comments:
The presentation is laid out with effective use of headings, font styles, font sizes, and white space.
Intellectual property is recognized with in-text citations and a reference slide.
The presentation includes an introduction and conclusion that preview and review major points.
Major points are stated clearly; are supported by specific details, examples, or analysis; and are organized logically.
Rules of grammar and usage are followed including spelling and punctuation.
		Total Available	Total Earned
			#/1

Assignment Total	#	5	#/5
Additional comments: