Partnership-Corporation Response

Read the attached directions very carefully to complete a writing about what form of joint ownership the five people LISTED should choose. Address the reasons for your decision based on the “Major Reasons” in the boxed area below. Be sure to contrast the form you choose TO the form you did not choose on those “Major Issues.”

BUS 108 – SPRING 2004 – McCORMACK
ADDED TO COURSE ASSIGNMENTS
QUIZ GRADE- quiz 5 – Bus Org.
DEADLINE April 2nd – SAME as Exam 3 – RETURNED AS AN ATTACHMENT TO E-MAIL.
AN ESSAY ON CHOOSING EITHER A PARTNERSHIP OR CORPORATION.
PARTNERSHIP – CORPORATION:
This essay is an opinion paper. You are expressing your opinion of what form of joint ownership these
five people LISTED should choose. Address the reasons for your decision based on the “Major
Reasons” in the boxed area below. Be sure to contrast the form you choose TO the form you did not
choose on those “Major Issues.”
Your written work will be worth 40 points – and deadline is the same as exam #3 (April 2nd).
1. Your essay- “outcome of your finding” typed in paragraph form 40 points
FACTS:
• Five people have a start-up retailing business in mind.
• Product and/or location are not material for the task.
• Write your opinion as an outside experienced advisor; not as a fellow owner.
• Your report to these five potential owner-investors should be in a decisive proposal.
• If you were a consultant and they followed your model you would be compensated accordingly.
You MUST include these in your ESSAY these Major Reasons or
advantages—If it’s an opinion paper… How will McCormack grade it? By checking to see if you
included these…
• Rules for running the organization
• suggested organizational authority levels
• liability expectations
• profit and loss distributions
• life of the firm
• transferability of ownership rights
• decision making
• taxation.
You interviewed the five “WANNA-BE’S”. Your notes show these answers to your interview questions
PERSON
WILLING TO WORK
WANT TO
WANT
IN the new BUSINESS ?
HAVE A SAY IN
THE PUBLIC
FULL TIME?
PART TIME?
MANAGING ???
KNOW THEY
OWN IT?
1
YES
YES
YES
YES
2
NO
YES
YES
YES
3
NO
YES
YES
OK-DON’T CARE
4
NO
NO
YES
OK-DON’T CARE
5
NO
NO
NO
NO