This is a continuation of of an assignment that was already done. I will include that in the drop files as a reference. the instructions for this assignment are:
In narrative form, please respond to the following prompts:
Legal Form of the Entity:
List and describe the seven most common forms of legal organization of your nascent entity. Consider the use of a table to create a matrix of the seven forms and listing comparisons such as initial organizational costs, management control, taxes, personal risk, and etc. Declare which one of the forms that you will use and explain why you have selected that particular form. Discuss the benefits of using a shareholders/members agreement and an employee agreement.
Business Model:
Describe the two types of business models (B2B and B2C) and indicate which model or combination of models best fit your entity. If you have an on-line presence, indicate which of the four basic e-commerce models you will use. List key partners that you will need to create and maintain relationships with to create and deliver your products or services.
Location:
Describe the location of your initial retail outlet or the location of your corporate office. (Please do create a stand-alone office so as to create a more professional image.) Including a map is particularly important for retail businesses because the reader may not be familiar with the area. Adding a photo of the actual building or an image of what you want your new business to project adds visual interest.
Entity Performance Measurements:
Describe how you will measure company performance via the balanced scorecard model. Indicate how your organization will maintain quality of products and services and customer satisfaction.
Management Team and Organizational Map:
Begin by discussing your personal strengths and weaknesses. Then, determine who will complete your upper management team and list the most important positions required in your company to enable it to properly function. Create a formal organizational chart depicting the titles of the positions or jobs and the major lines of communication. You do not need to have actual peoples names listed for all of the positions. If certain positions are part time or outside consultants, indicate this with a footnote. It is highly recommended that you include the professionals of outside corporate attorney and CPA who report directly to the president. Properly completing this organizational chart will be very helpful when determining salary costs within the financial section. Describe what leadership styles you will you implement.
Board of Directors or Advisory Board Identified:
If you choose to be a regular C-Corporation describe the organizational components and list the types of professionals you want to serve on the Board of Directors. If you choose to be a LLC, describe the organizational components and list the types of professionals you want to serve on the Advisory Board. Express why the selected business formation type is appropriate.
Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.
[order_calculator]