Instruction
Step 1
Research The Branches of Government:
If you are not familiar with the U.S. branches of government, this may take a little of extra time. Make sure you have a firm foundation on what the balance of power looks and acts like.
Explore:
U.S. House of Representatives (http://www.house.gov)
U.S. Senate (http://www.senate.gov)
Supreme Court of the United States (http://www.supremecourt.gov)
The Executive (http://www.whitehouse.gov)
Step 2
Research types of business entities. What are the tax consequences? Liability? Other concerns?
Watch Setting Up Your Small Business as a Legal Entity with Dana Robinson
Review the Business One Stop website about a Corporation, Partnership, Sole Proprietorship, and other business forms.
Read Chapter 8 of Business for Beginners: From Research and Business Plans to Money, Marketing and the Law
TASK; ASSIGNMENT:
For your final project you will create a business. It is now time to decide on the form that business will take.
Create a Pros and Cons list for each business form, keeping in mind your particular business. Decide which entity form best suits your needs.