Please find below the project for Spring semester 2019. There is a total of 60 points possible. Six steps are available, and each step is worth 10 points. The six steps must be done in sequence. Step 1 is worth 10 points. Step 1 and step 2 are worth 20 points. Step 1, step 2, and step 3 are worth 30 points. Step 1, step 2, step 3, and step 4 are worth 40 points. Step 1, step 2, step 3, step 4, and step 5 are worth 50 points. Step 1, step 2, step 3, step 4, step 5, and step 6 are worth 60 points with the first 50 points assigned to the project and the final 10 points attributed to step six recorded as extra credit points. Zero points will be earned if you fail to complete step one. Zero points will be earned if you cite to Wikipedia. Zero points will be earned if you use bullet points. Each project must contain your name and the five digit section number of your Legl 2064 section on each page of your submission. Your submission must be sent to my cscc. edu email which is dhoffman@ cscc. edu prior to the deadline in a Word or Pdf document in one attachment to one email to me identifying this as your Spring 2019 project. Original work must be double spaced with one inch margins on all four margins of each of the pages. Original work must be in 12 point Arial font. Step two requires submission of a form so the font, spacing and margins will be dictated by the form. Late submissions earn zero points. There is NO MAKE-UP for this assignment.
Step 1) Form an itemized business plan for a new limited liability company. Google “business plan” for a treasure trove of ideas! Use the ideas as a template and adapt it to your business activity. Step 2) Fill out pertinent State of Ohio articles of organization form for the newly planned LLC. These are available online, at no charge. Step 3) Discuss the advantages and disadvantages of the selected business structure, LLC, in a short essay not less than 2 pages long, observing requirements above. This step requires that you discuss the advantages and disadvantages of organizing your business as an LLC, not whether it is a good idea to start a restaurant, or a spa, or a bar. Check out chapter 17 in your text. Step 4) Discuss possible federal or state agencies and/or regulations the new LLC may encounter, in a short essay not less than 2 pages long, observing requirements above. Name the agencies that your new LLC will encounter and what, exactly, this agency will require of your business. Step 5) Create a contract between your new LLC and the XYZ Corp. There is a good example in your textbook starting on page 314.