This assignment aims to research the different types of business organizational formations, compare management practices and corporate governance, and determine how ethics, the duty of care, loyalty, and "business judgment rule/piercing the corporate veil" are applicable.
Instructions
Using your textbook and research in the Strayer Library, address the following in a 5–7 page paper:
- Research the different types of business organization formations and determine which is best to avoid liability when starting your own accounting firm. Support your determination with evidence.
- Compare and contrast the fiduciary duties partners owe to each other in a limited liability partnership. Include an example of how each can be breached and explain how the Systematic Approach is best when facing an ethical dilemma.
- Explain your understanding of the Business Judgement Rule. Using the Nexis-Uni Database, research a lawsuit example that helps demonstrate the application of the rule. In your answer, provide the facts of the case and the decision by the court.
- Use at least three quality sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least once within your assignment.
- For help with research, writing, and citation, access the library or review library guides.
- Produce writing that is clear and well organized and applies appropriate SWS style.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
Resources
- Nexis-Uni Library Guide
- This resource provides the database link and guidance on how to use the database for research.
- Roger L. Miller. 2021. Business Law: Text & Cases.
- Bernard S. Sharfman. Fall 2017. The Importance of the Business Judgment Rule.
Course Outcome
- Evaluate laws as applied to business management practices, corporate governance, and ethics.
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