This assignment will provide the understanding of the different forms of business, financing opportunities and Intellectual property Pick a business of your choice from the list below or any other business that you would like to start from your own home https www entrepreneur com article 201588 Please post on the Chat board on MS Teams your business choice No two students can have the same one so if another student picks the same business and posts first, you will need to make another choice Describe your business Every business needs a competitive advantage What do you believe could be your competitive advantage (3 Marks) How would you structure your business Sole proprietor, partnership or form a corporate entity Why did you choose this structure How is your choice a benefit over the other options (10 marks) Before you start discussing any business dealings with anyone a Non Disclosure Agreement (NDA) must be signed Create your own NDA from the attached template The NDA can be with any stakeholder that you believe you would encounter (10 marks) Most businesses require financing Research the Development Bank of Canada website and assume you qualify for a Futurpreneur Canada loan Calculate the maximum amount you can borrow and what are the repayment terms (5 marks) https www bdc ca en pages home aspx List 2 other options you could have for financing and what repayment terms would you expect If dealing with financial institutions state actual interest rates (10 marks) Read the attached supplement describing tax write offs or income tax deductions Based on the attached supplement titled What is a tax write off list a minimum of 6 tax write offs you could use Calculate the square footage of the space you would use in your house for your business vs the total square footage Estimates are acceptable Use this percentage in your calculations as per the supplement Calculate you tax deductions and what is the total amount you could apply to your income deduction (30 marks) Considering the risk of running your own business vs the rewards would you consider actually starting a home based business and why (5 marks)

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This assignment will provide the understanding of the different forms of business, financing opportunities and Intellectual property. Pick a business of your choice from the

This assignment will provide the understanding of the different forms of business, financing opportunities and Intellectual property.

Pick a business of your choice from the list below or any other business that you would like to start from your own home.

https://www.entrepreneur.com/article/201588

Please post on the Chat board on MS Teams your business choice. No two students can have the same one so if another student picks the same business and posts first, you will need to make another choice.

Describe your business. Every business needs a competitive advantage. What do you believe could be your competitive advantage? (3 Marks)
How would you structure your business: Sole proprietor, partnership or form a corporate entity? Why did you choose this structure? How is your choice a benefit over the other options? (10 marks)
Before you start discussing any business dealings with anyone a Non-Disclosure Agreement (NDA) must be signed. Create your own NDA from the attached template. The NDA can be with any stakeholder that you believe you would encounter. (10 marks)
Most businesses require financing. Research the Development Bank of Canada website and assume you qualify for a Futurpreneur Canada loan. Calculate the maximum amount you can borrow and what are the repayment terms? (5 marks)

https://www.bdc.ca/en/pages/home.aspx

List 2 other options you could have for financing and what repayment terms would you expect. If dealing with financial institutions; state actual interest rates. (10 marks)
Read the attached supplement describing tax write-offs or income tax deductions.Based on the attached supplement titled "What is a tax write-off" list a minimum of 6 tax write-offs you could use.Calculate the square footage of the space you would use in your house for your business vs the total square footage.Estimates are acceptable. Use this percentage in your calculations as per the supplement. Calculate you tax deductions and what is the total amount you could apply to your income deduction? (30 marks)
Considering the risk of running your own business vs the rewards would you consider actually starting a home based business and why? (5 marks)