Session 2 Billy Wildermon's Rafting Business

Billy Wildermon is a sole proprietor with a successful river-rafting business on a remote river in southern Colorado; he has three river guides, two bus drivers to drive the customers to the river and then pick them up, and two administrative assistants. He is concerned about personal liability, and wants to know what corporate form is best based on the following considerations:

• He wants to make sure he is following the law in terms of licensing, and also wants to know what other types of protection beyond a certain business form of organization might help him as well.
• He has heard a little bit about a 'B' Corporation, but knows little about it. He doesn't want much interference with his operations or hoops to jump through - the simpler the better for now is his philosophy, although he hopes the business will grow and is open to a different form then.

this paper needs to analyze Wildermon's legal business form issues and provides a recommendation as to which form is the best option for his operation.

please list sources used. preferably the sources in the readings listed.

Reading and Viewing Assignments

Please complete the following before this session:

Reading:

Jennings, M. (2016). Foundations of legal environment (3rd ed.).

• Chapter 7: Business Crime
• Chapter 15: Agency Law (pp. 359-375)
• Chapter 16: Governance and Structure: The Law of Business Associations (pp. 381-405)

Kim, S., Karlesky, M. J., Myers, C. G., & Schifeling, T. (2016, June 17). Why companies are becoming B Corporations. Harvard Business Review Digital Articles. Retrieved from https://hbr.org/2016/06/why-companies-are-becoming-b-corporations

The B Corp Website (Explore this site to learn more about B Corps.)

https://www.bcorporation.net/en-us/