Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLST 350 BUSINESS ORGANIZATION FORM CHOICE MEMORANDUM INSTRUCTIONS For this assignment you will draft a memorandum to your instructor (pretending that your instructor is the
PLST 350 BUSINESS ORGANIZATION FORM CHOICE MEMORANDUM INSTRUCTIONS For this assignment you will draft a memorandum to your instructor (pretending that your instructor is the lawyer in a law firm where you are working as a paralegal) answering the following questions for your business that you discussed in your Getting Started Exercise: 1. 2. Which state-law business entity form is most appropriate for your business? Which federal tax regime is most appropriate for you business? Much of the materials in the course should be helpful to you in preparing this memorandum. The memorandum should be approximately 3,000 words thoroughly answering the questions provided. Cite 2 good authorities to support your answers. The memorandum should be submitted through the link provided in Blackboard by 11:59 p.m. (ET) on Friday of Module/Week 8. To: Professor Rodney Chrisman From: Marlo Sadorra Date: September 4, 2017 Subject: Getting Started Exercise The name of the business that I will form is Kai Creations. I went on the Department of Commerce and Consumer Affairs website and verified that the business name is available. The business will not operate under any other name. My business will focus on providing Hawaiian themed apparel for the age range of newborns to teenagers. Raw materials will be purchased and the apparel will be manufactured and sold. Kai Creations will not provide any services. The clothing business will be an equal partnership between my sister and I. My sister will oversee the day-to-day operations of Kai Creations. Since I work part-time at another job, I will be able to dedicate three days a week to the business while my sister will dedicate 4 days of the week. The start-up expenses that we will incur in forming our business include various supplies such as t-shirts, ink, printers and office and art supplies. These expenses will be provided by my sister and I. Kai Creations will be operated in Hawaii and a website will be created to sell the merchandise online
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started