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BUSINESS ORGNIZATION FORM CHOICE MEMORNDUM

BUSINESS ORGNIZATION FORM CHOICE MEMORNDUM

RUBRIC: Name: Formation Document Assignment Grading Rubric Description: Each student will submit an objective memorandum analyzing a set of facts to determine which is the proper business organization form for the client. This will include both the selection of the state-law business organization form and the proper federal tax regime choice. The memorandum should be at a minimum 3,000 words long and should be supported by good scholarly, academic sources. Exit Grid View List View Score Research Points Range: 0 (0%) – 42 (16.8%) Appropriate research demonstrated by the use of scholarly, academic sources. Primary sources used whenever possible and appropriately supplemented with high quality secondary sources. Writing Points Range: 0 (0%) – 42 (16.8%) Writing level appropriate for 300-level course. Appropriate word selection, organization, flow of thought, transition, grammar, punctuation, spelling, etc. Clear and understandable, communicating well with reader. Content Points Range: 0 (0%) – 144 (57.6%) The student thoroughly answers the questions “Which state law business entity form is most appropriate for your business?” and “ Which federal tax regime is most appropriate for your business?” in at least 3000 words. The student supports his or her answer with at least two references. Format and Style Points Range: 0 (0%) – 22 (8.8%) Overall appearance and style of the paper. Conformity with Bluebook to the extent appropriate. Name:Formation Documen MEMORANDUM TO: Professor Joseph Weigand FROM: Sherry R. Capozzi DATE: August 31, 2015 SUBJECT: Getting Started Exercise 1. The proposed name of my business will be Antiquities 2. According to the state of Tennessee website, the proposed name is available. 3. The business will operate under the proposed name. 4. This business will be a nostalgic coffee shop with access to books that can be checked out. Its focus will be from the college student to the person(s) who wish to disconnect if you will and read an actual book or just communicate with one another face to face. The industry will be coffee. 5. The business will purchase raw coffee beans to be roasted in house to then sell to consumers either in bulk or by the cup. 6. The business will, in addition to offering freshly roasted coffee, offer books onsite for reading. 7. There will be 2 other persons that will have ownership interest in the business. The ownership owned will consist of 40% by the 2 other persons. 8. Joseph Capozzi and I will conduct the day to day business. 9. I will devote majority of my time while the business is open for operation and Joseph Capozzi will devote 50% of his time. The other owners will devote 25% each of their time. 10. Startup expenses will consist of the purchase of a business license, payroll, coffee beans, roaster, coffee machines, espresso machines, location of business, rent or purchase of building, business cards, cups, lids, books, seating and anything further to get the business off its feet. 11. We will operate locally near the college campus. 12. Startup funds will come from bank loans and will look into grants to help with the addition of the books. 13. The business will have 1-2 other employees at the start.

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