One page paper.
The legal form of business you choose affects the distribution of any profits, who can have a say in executive decisions, and what taxes you pay or the organization pays among many other effects. In addition the state regulations will also determine the effect of the business form you choose.
Assignment 1: Legal Form of Business at Timâ€™s
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Assignment 1: Choose a business form (example, sole proprietorship and so on), that would be most appropriate for Timâ€™s Coffee Shoppe and justify your answer. Refer to Discussion 1 and the Learning Activity in this unit for a quick review of the types of business forms commonly used. Further information regarding forms of business can be accessed via the U.S. Small Business Administration (SBA) Website at http://www.sba.gov/.
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- What business form would be most appropriate at Timâ€™s and why?
- Explain the benefits and drawbacks of the business form you chose.
- Explain which general state and federal laws might impact registration of Timâ€™s business:
- Due to the fact that Timâ€™s is a restaurant business.
Respond In a minimum of 350 words in APA format (12 point Times New Roman Font, double-spaced) and submit your response to the Assignment Dropbox.
Access the grading rubric.