Assignment: Linking Operating and Financial Plans
Deliverable Length: 500-800 words
Primary Task Response: Within the Discussion Board area, write 500-800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Research and discuss the following comparative advantages and disadvantages of different business legal structures:
• Sole proprietorship
• General partnership
• Limited partnership
• C corporation
• S corporation
• Limited liability company (LLC)
• 501c3
Focus your discussion on the following:
• Choose a legal structure for your new venture.
• Explain why you have chosen it.
Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:
• What did you learn from your classmate's posting?
• What additional questions do you have after reading the posting?
• What clarification do you need regarding the posting?
• What differences or similarities do you see between your posting and other classmates' postings?
Reading Assignment
Abrams, Successful Business Plan, Chapters 9, 10 & 16
Abrams, A Real World Approach, Chapter 7, 11 & 16