Assignment
1.
Review the different types of business entities listed below:
Partnership
Limited Liability Partnership
Limited Liability Company (including single member LLC)
S Corporation
Franchise
Corporation
Provide a practical example of each entity; for example,
Franchise: Individual owner of a McDonald's restaurant.
Resources
Center for Writing Excellence
Reference and Citation Generator
2.
Resources
Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 14, 15, and 16
Business Entities Assignment
Scenario: You are a sole proprietor presenting to a group of investors, seeking 20 million dollars to raise capital for your solar panel manufacturing and installation company, Solar Co.
Prepare a 7- to 10-slide Microsoft PowerPoint, Microsoft Sway, or Prezi presentation with speaker notes for your potential investors, and address the following items:
Choose one type of business entity that you plan to use for Solar Co., and explain why you would choose this type of entity rather than the others. What risks and issues specific to this industry and Solar Co.'s business influenced your decision?
Assume that at least one investor will question whether Solar Co. should be organized as a corporation. Summarize, for the investors, what legal liabilities could arise for the directors or officers of that corporation. How could those liabilities for the directors and officers be minimized?
3.
Research the IRAC method.
Find a video online, such as a video on an academic website, that provides helpful information regarding how to write a brief using the IRAC method.
Post the link along with the three most important takeaways you learned from the video.
4.
Review the "IRAC Method" section of Ch. 1 of Legal Environment of Business.
Research one legal case or recent event involving a tort and one legal case or recent event related to criminal law. Each case or event should have taken place within the past two years.
Write in-depth briefs explaining your selected cases using the IRAC method. Each case brief should be 350 to 525 words and include an explanation of how the legal concepts in the selected case can be applied within a managerial business setting including considerations such as but not limited to:
Insurance
Internal auditing and reporting procedures
Explaining what could have been done differently in each case to avoid or reduce harm/risk
5.
Research an example of an intellectual property court case.
Provide a 4- to 6-sentence summary of the case, key players, and the subsequent ruling.
6.
Read the summary of the Wrench LLC v. Taco Bell Corporation case in the "Ethics: Implied-in-Fact Contract Prevents Unjust Result" section of Ch. 9 in Legal Environment of Business. It is suggested that you also research and read the full court opinion, using the summary in the textbook to aid your understanding of the legal issues presented.
Write a 1,200 - 1,500 word paper using Microsoft Word. Address the following questions:
What type of intellectual property was at issue in this case? Were these ideas entitled to protection under the law?
Explain the difference between an implied-in-law (quasi contract) and an implied-in-fact contract. What type of contract was at issue in this case?
Explain what the parties could have done differently to protect their rights and avoid this dispute.
Explain how a properly written contract could have been utilized for the licensing and use of the intellectual property to prevent the issue, and provide terms you would recommend be included in such a contract.
Identify and explain each of the elements that would have been necessary to form a valid contract.
7.
Research employee handbook templates and other handbook examples online.
Provide 5 to 6 examples and a 1-sentence summary for each of the different sections that can be included in an employee handbook.
8.
Resource: Developing Effective Social Media Policies
Solar Co. Inc., a solar panel manufacturing and installation company, has recently encountered several legal issues related to harassment allegations by employees, mistakenly classifying workers as independent contractors rather than employees, and internal disputes related to employees posting sensitive company information on their personal social media accounts outside of work.
To prevent these issues from happening in the future, Solar Co. is in the process of updating its employee handbook, and the CEO has asked you to draft several pieces of material for inclusion in the handbook with each piece containing at least 175 words. The information needed in the request is identified below:
A policy related to the prevention of sexual harassment and discrimination including specific action items that will be required of employees and management.
A section explaining the difference between an employee and an independent contractor.
A policy that helps ensure workers are properly classified by including specific action items that will be required of employees and management.
A policy related to employee use of social media such as guidelines related to appropriate content and identification of Solar Co. in any posts including specific action items that will be required of employees and management.
Be sure to include explanations and justifications for each of your policies to help the CEO understand why each one is necessary.
9.
Research the following four federal agencies:
U.S. Securities and Exchange Commission (SEC)
U.S. Environmental Protection Agency (U.S. EPA)
Occupational Safety and Health Administration (OSHA)
U.S. Consumer Product Safety Commission (CPSC)
Provide one real world example of an entity that each agency regulates.
10.
Resources
U.S. Securities and Exchange Commission (SEC)
U.S. Environmental Protection Agency (U.S. EPA)
Occupational Safety and Health Administration (OSHA)
U.S. Consumer Product Safety Commission (CPSC)
Scenario: Your solar panel manufacturing and installation company, Solar Co. Inc., is in the process of "going public," has underwritten its Initial Public Offering (IPO), and filed its registration statement with the U.S. Securities and Exchange Commission. Your current executive team has asked you to create a plan ensuring compliance with a variety of regulations that will apply to Solar Co. as the company goes public and continues to expand.
Write a discussion in no more than 175 words about each of the four federal agencies listed above in which you:
Explain the role and function of the agency.
Identify at least two significant regulations enforced by each agency relevant to Solar Co.'s business (totaling eight regulations).
Provide recommendations for Solar Co. to ensure compliance with each of the regulations including specific action items to be taken by employees and management.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.