What kind of business entity do you think we should form

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Reference no: EM132158409

Discussion: Business Entities

(300-400 words)

In Chapters Sixteen, Seventeen and Eighteen we covered business structures. For this discussion we will not use the IRAC format for the following fact pattern.

Sarah and Wei have an opportunity to buy a large parcel of land on the Willamette River, just two miles south of Salem. They want to build an amusement park on the land. Sarah approaches you and says, "Hey, I know you took that BA 230 class, so maybe you can help me figure out what to do.

Wei and I need a lot of money to start up our amusement park and buy the land we want, and we're a little nervous about getting sued if someone gets thrown out of our roller coaster.

What kind of business entity do you think we should form?

We were thinking maybe we could just be partners. We'd prefer not to have anything formal written down--we think that might be bad for our friendship. What's your advice?"

Draft an answer to Sarah and Wei and include it in your document. Your answer should include:

1) your recommendation for the best entity choice;

2) a complete explanation of why this is the best option;

3) a secondary recommendation, in case Sarah and Wei don't like your first option;

4) an explanation as to why this is your second choice (i.e., compare to your first choice and explain why this is not as good, but still an acceptable option);

5) your recommendation as to any documents you would recommend that they draft up, and why.

Article Analysis (200 words)

This week you will select an article from a business periodical which generally relates to this course and write a brief summary and analysis.

When choosing articles for this weekly assignment, you should ask yourself "Would this article be interesting to a student in this course or to someone who is working as a business professional?"

This is an individual project. (make references to the textbook readings, discussions, and anything related to the course material in your analysis paragraph. the article analysis topic about Respondent Superior.)

Reference no: EM132158409

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