Overview
For this written assignment, 1) please briefly identify an idea for a future business. Once you have identified the scope of the business enterprise, please 2) identify the various forms of entities that in which a business can operate in California. In your identification, 3) briefly identify the pros and cons for each potential business entity as they pertain to your business idea. Then, 4) state which entity you have chosen for your business idea and, in detail, 5) explain why you chose this particular entity form for your business. 6) Lastly, please explain how the role of agency law impacted your decision-making in selecting your business entity.
As always, please provide references to the textbook as a source of law to support your answers. At least one reference is required. However, typically, the more references the higher the grade.
To summarize the instructions:
1) Briefly identify an idea for a future business.
2) identify the various forms of entities that in which a business can operate in CA.
3) In your identification, briefly identify the pros and cons for each potential business entity as they pertain to your business idea.
4) State which business entity you have chosen for your business idea.
5) Explain why you chose this particular entity for your business.
6) Explain how the role of agency law impacted your decision-making in selecting your business entity.