Q 5-1: Creating a Business Organization • Points 80 • Submitting a file upload Purpose This assignment is intended to help you learn to do the following: • Apply legal principles necessary to create a business organization. • Recognize, analyze, and discuss various legal problems presented in specific situations. • Develop critical-thinking and case-analysis skills. Overview Starting a business involves planning, making key financial decisions, and completing a series of activities. Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business. This assignment provides you with some essential elements used to determine is your business idea will be viable. Action Items 1. Log into the U.S. Small Business Administration website and click on the Business Guide. (Links to an external site.) 2. Read through the following topic areas to become familiar with the stages of business development: Plan, Launch, Manage, Grow. 3. Choose a type of business organization that you would like to create and develop the initial steps of a business plan. 4. Develop a paper, including a reference page, using the following outline: I. Plan Your Business A. Company Name and Description i. Legal Issues B. Start-up Costs II. Launch Your Business A. Business Location i. Rationale for Business Location B. Business Structure i. Rationale for Business Structure ii. Liability & Taxation III. Manage Your Business A. The Company Team i. Employment Law Issues B. Emergency Preparedness IV. Grow Your Business A. Local Resources B. Business Characteristics 5. Submit the assignment before the scheduled class meeting this module. Important note: you must submit this assignment before the class meeting even if you are unable to attend. 6. Be prepared to do a 2- to 3-minute presentation (in a format of your choice) regarding your business during class. Rubric Creating a Business Organization Creating a Business Organization Criteria Ratings Pts This criterion is linked to a Learning OutcomeCritical Thinking 45 to >36.0 pts The student answers all of the required questions in the assignment. Main ideas are very clear. Content is all relevant to the material learned in the class/textbook. Content is correct and of high quality. 36 to >31.0 pts The student answers most of the required questions in the assignment. Main ideas are generally clear. Content is generally relevant to the material learned in the class/textbook. Content is generally correct and of high quality. 31 to >0 pts The student answers none or only some of the required questions in the assignment. Main ideas are confusing or somewhat confusing. Content is irrelevant or somewhat irrelevant to the material learned in the class/textbook. Content is incorrect or somewhat incorrect and of low quality. 45 pts This criterion is linked to a Learning OutcomePresentation 25 to >20.0 pts Thoroughly prepared and knowledgeable, expressed ideas fluently. Rarely relied on notes, used effective eye contact to emphasize key points. Stayed within time limits. 20 to >17.0 pts Prepared and knowledgeable, expressed ideas fluently with minor exceptions. Did not over rely on notes, made eye contact. Stayed within time limits or just slightly over/under. 17 to >0 pts Unprepared, not knowledgeable. Ideas not expressed fluently. Overreliance on notes caused poor eye contact. Did not stay within time limits. 25 pts This criterion is linked to a Learning OutcomeMechanics 10 to >8.0 pts The assignment contains no notable spelling, grammatical, and/or other errors. 8 to >7.0 pts The assignment has few spelling, grammatical, and/or other errors. 7 to >0 pts The assignment has many spelling, grammatical, and/or other errors. 10 pts Total Points: 80