PLEASE DO NOT BID ON THIS ORDER UNTIL YOU HAVE FULLY READ AND UNDERSTOOD THAT THIS IS A TIME SENSITIVE PIECE AND GEOGRAPHICALLY SPECIFIC ORDER
My community for this order in Dallas, Texas, USA so the order should be based on this geographical area
Going into business with a family member makes up a major portion of new businesses launched every year. However, family businesses present unique challenges for start-ups. It is important to ensure you have established the best business entity and reviewed appropriate resources before forging into a family business venture.
Research in your own community those types of businesses that are family-owned. Categorize the most common business opportunity (e.g., car dealerships, restaurants, real estate firms, accounting firm, etc) in regard to industry and the legal form chosen for this business. Review the following websites on family businesses: Resources – Family Businesses.
Write a two-page paper defining keys to success and considerations for building a family business. Also compare the choice of business entities and identify the best legal form for your business based on your research in the community.
Include references on a separate page from the two full required pages to complete this order
25-23 Work meets or exceeds criterion at a high level of competence.
22-20 Work reflects an understanding of criterion with minor misunderstandings/misconceptions.
19-17 Criterion partially met, but one or more important concepts/skills are missing or flawed.
16-15 Work reflects an attempt to meet a criterion, but significant misunderstandings/misconceptions are apparent.
14-0 Criterion not met or work is absent.
1. Identified types of family businesses and the best business structure.
2. Detailed unique aspects of starting a family-owned business.
3. Information is supported and presented in an academic fashion demonstrating good grammar and sentence structure; credible sources are appropriately cited.