Please view this video first: https://youtu.be/lizvTIdPMPU This project consist of a narrated PowerPoint with recommended legal form of business (must have through speaker notes) short paper including mission statement, organization chart, and rationale In this project, you are determining the best legal form and organizational structure for your new business. The nature of the organization’s business and the environment the business operates in are factors you must consider. Initially, Sunburst will operate locally, but within five years operations will go national (or international). Read about how you might plan these stages in Creating and Managing a New Business. In the first part of this project, you will create a narrated PowerPoint presentation for potential investors and partners in your new company. In this presentation, you will analyze the pros and cons of various forms of business and recommend the best legal form of business to achieve your organization’s goals. In the second part of this project you will design an effective organizational structure for the business at its inception and in its next phase of growth. To achieve this, you’ll need to create one short paper with three sections: (1) a brief mission statement reflecting the primary goals of the business, (2) a detailed organization chart, and (3) a rationale statement that explains and supports, thoroughly but succinctly, the mission statement and structural decisions reflected in the organization chart. When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission. 1.7: Create neat and professional looking documents appropriate for the project or presentation. 1.8: Create clear oral messages. 2.5: Develop well-reasoned ideas, conclusions or decisions, checking them against relevant criteria and benchmarks. 7.1: Analyze the legal forms of business organization and make recommendations to support business decisions. 9.1: Design organizational structure, systems and processes that support the strategic goals of the organization. 10.4: Make strategic managerial decisions for obtaining capital required for achieving organizational goals. 13.2: Create and implement new initiative or enterprise. 13.3: Create and manage a new enterprise. Step 1: Determine the Legal Structure of Your Business: Gather and Analyze Information You go to your office to begin the task at handthe preparation of a narrated PowerPoint presentation to potential investors that will address all of the issues involved in making this decision. For critical background information, see Creating Sunburst: Legal and Organizational Considerations . You will need this information to make the best legal and organizational decisions for your business. Since one of the investors will not be able to attend a presentation in person, you need to prepare and record a narrated PowerPoint, so she can listen at her convenience. In order to complete this task, you realize that you must do some research to address the legal and strategic implications if your business is to get off the ground. What types of business organizations are available to entrepreneurs? What are the advantages and disadvantages of each alternative? What are the two best choices and why? How would you explain your choices to your investors? Be sure to discuss the following information in your plan (refer to Legal Forms of Business before you begin writing): What are the different legal forms of business that you might consider? You remember that there are at least six factors that will influence your choice: creation and maintenance continuity ownership and control personal liability compensation and division of profits taxation What is your proposed choice for the legal form of business? Include your reasoning based on the preceding six factors and any other relevant factors. When your research is complete, continue to t…
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