Project Overview

This project is designed to apply the concepts of legally forming and maintaining a legally functioning business. When creating a business, a person must consider a number of different factors. These factors include determining the type of business structure and what legal documents to file for that business structure. Once created, an owner or manager must remain aware of potential legal risks throughout the course of the business.

Instructions

The steps to complete this assignment are listed below. Your answers should use a 12 point font, be double spaced, and use APA formatting to cite references on the last page of your assignment (if you use any external sources). It should be submitted as a Word or PDF document.

1. Your first task is to choose a type of business that you would like to own or manage and determine the type of business structure that would be best for your chosen business.

2. Go online to the Indiana Secretary of State website (link listed below) to explore information about business structures. Locate the documents that must be filed to formally create those business structures.

3. Based on the type of business you've chosen, determine which forms you would file to start your company. Print the forms and complete them as you would if you were starting this business.

4. Upload a copy of the completed forms to submit them as part of your assignment.

5. Create an overview in a separate document or text entry in IvyLearn to provide information about your business. This should include (but is not limited to):

Business name

Location

Legal Structure

Description of the goods or services that your company will offer

Any other unique information about your business that is pertinent for your instructor to understand