Question 1 =
“Starting a New Health Care Service Company” Please respond to the following:
- From the case study, examine the issues raised by the conduct of the start-up team. Propose one alternate solution to one of the issues raised.
- From the case study, examine three ethical business issues presented in the case. Determine whether or not you believe that these ethical issues occur often in businesses. Support your position.
Question 2= ( comments )
The whole point of writing up a business plan and following the steps necessary to start up a company is so that you do not run into issues like who owns what and how much. If you follow the business plan you set restrictions and use this business plan as your guidance. You want to make sure you get the correct permits, insurance, and best lawyer for your situation. You want to do your research and know who you’re getting into bed with “so to speak” before you make someone your partner. If these people aren’t the right fit for your company and go along with the culture of your company then you do not want to make them your permanant partners. You want to be in a trial period to make sure they live up to your standards. After all of the planning, there should have been a meeting in place to discuss the partnership of everyone and the responsibilities. You want to make sure everyone is doing their part, so things can run smoothly. Yes, a title or name is important, though not the first thing to worry about in this process.
- Jennifer leaving her job, not telling Michael, and also signing a nondisclosure agreement before she left. That could of stated that she couldn’t be involved in such business.
- Peter stole his client list and index from his previous job
- Requesting of people services, but not getting it in writing on what will be paid and done.
The problem with a lot of this is communication. Jennifer being a big part of this start up should have been upfront and honest with Michael in regards to her situation, becuase it doesn’t only affect her, but everyone involved in this partnership. Peter being a thief is not a good quality you would want with your company. If he stole for your company, why wouldn’t he still from this one when the opportunity presented itself. In business, everyones position, pay, responsibilities should be laid out so no one will get confused or say “thats not their job”. Yes it is, it’s laid out right here in this business plan presented by our company lawyer.
Question 3=
- From the first e-Activity, determine how the information in the article might impact entrepreneurs when they decide what type of business structure to form. Support your response.
- From the second e-Activity, compare and contrast sole proprietorships, S-corporations, partnerships, and limited liability corporations. Imagine that you are going to start a new company. Determine the type of business structure you would choose in order to best serve your needs. Support your decision.
e-Activity=
http://www.entrepreneur.com/article/38822
Question 4= ( Comment )
The article provide a lot of information on how to set-up your business, a person would have to consider the amount of liability, and financial resource that are involved when creating structure for their business. The simplest structure is the sole proprietorship, which usually involves just one individual who owns and operates the business, If a person intends to work alone, this may be the way to go.
From the second e-Activity, compare and contrast sole proprietorships, S-corporations, partnerships, and limited liability corporations. Imagine that you are going to start a new company. Determine the type of business structure you would choose in order to best serve your needs.
I would have to go with Sole prprietorship, the tax aspects of a sole proprietorship are especially appealing because income and expenses from the business are included on my personal income tax return (Form 1040). this would be good in the beginning if have minimum fanancial resource, another good choice would be limited liability because the risk is capital paid into the business, business debts and other liabilities can’t be collected out of your personal assets.
0 comments