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Developing an Organizational Plan

I need help with the following questions please as I attempt to develop an organizational plan.

The questions relate to an etiquette and image consultant, one-owner, corporation type business.

1. Describe the legal form of your business (proprietorship, partnership, or corporation).
2. Justify the legal form you selected by detailing its advantages over other forms.
3. Identify the positions and describe the roles of the executive management team.
4. Address whether or not you will use a board of directors and / or a board of advisors and why.

Please cite any references.

Solution Preview

I have outlined the business using the questions provided. You will want to add your knowledge and how you want the business to operate in terms of boards and management.

1. Describe the legal form of your business (proprietorship, partnership, or corporation).

Corporation: These are chartered by the state, are a separate entity and can provide shares.

The choice of a corporation is good if the owner/shareholders want limited liability for debts and judgments against the company. The company can add funds to the company through the sale of stock and may deduct any benefits it provides to officers and employees of the company.
However, incorporation costs more in time and money. They are monitored by federal ...

Solution Summary

The expert examines developing an organizational plan. The legal forms for selected by detailing its advantages over other forms are determined.

$2.19