Business Entities and Agency

As business leaders consider the appropriate form of business entity in which to operate, there are a number of significant factors to be considered.  From legal and operational perspectives, the decision as to which form to utilize can be critical.  In addition, relationships with external stakeholders of a business have significant ethical and financial implications. The legal and ethical factors brought about by agents of the business acting upon those individuals have paramount importance for the business.  This assignment provides an opportunity to develop skills in analyzing and applying the legal and ethical factors that will assure successful business decisions in these areas. 

Write a 4- to 5-page paper in which you:

• Identify the factors that should be considered in deciding which form of legal business entity to utilize for a business organization, such as corporation, partnership, and others. Among the factors you consider, include the manner in which each entity is taxed, and the potential legal liability that can result from each form. Be sure to consider all legal business forms covered in the course materials, including differentiating types of partnership and corporate forms.

• Analyze the ease or complexity of formation and operation of the various legal forms, including filing, registration, and reporting requirements.

• Describe the different types of agents that exist in the law relative to business entities, and describe the manner in which each form of agency might be formed, including unintentionally.

• Analyze the relationship of agents and principals and describe the duties owed by each to the other.

• Demonstrate the manner and ways in which the actions of agents can cause liability to their principal through their actions with third parties.

• Consider the ethical issues present in agency relationships, including the fiduciary standard and duty of loyalty.

Format your paper consistent with the guidelines required by your program.

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Status NEW Posted 03 Jul 2017 10:07 PM My Price 18.00

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file 1499122470-BSA 535 Week 6 Individual Assignment Business Entities and Agency.docx preview (1514 words )

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