14 Aug Multimedia activity: Business Organization
Visit the Choose Your Business Structure section of the U.S. Small Business Administration’s website.
If you were to start your own business, which business entity structure would you choose? Justify why your chosen structure is the best organizational form.
Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:
- Steps to form
- Personal liability for owners
- Taxation
- Advantages and disadvantages
Your paper must be three to five pages (excluding title and reference pages), and it must be formatted according to APA style as outlined in the Ashford Writing Center. You must cite at least two scholarly sources in addition to the course textbook..
RUBRIC:
US311.W4A1.08.2014
Description:
Total Possible Score: 6.00
Chooses a Business Structure and Justifies Choice
Distinguished – Chooses a business structure and thoroughly justifies choice, providing concrete details of why the choice is the best organizational form.
Proficient – Chooses a business structure and justifies choice, providing details of why the choice is the best organizational form. Minor details are missing or inaccurate.
Basic – Chooses a business structure and partially justifies choice, providing some details of why the choice is the best organizational form. Relevant details are missing or inaccurate.
Below Expectations – Chooses a business structure and minimally justifies choice, but does not provide details of why choice was the best organizational form. Significant details are missing or inaccurate.
Non-Performance – The chosen business structure and justification for choice are either nonexistent or lack the components described in the assignment instructions.
Explains the Business Structure of Sole Proprietorship and Analyzes the Steps to Form, Personal Liability for Owners, Taxation, Advantages, and Disadvantages
Distinguished – Offers a thorough and detailed explanation of the business structure of sole proprietorship and comprehensively analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages.
Proficient – Offers an explanation of the business structure of sole proprietorship and analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages. The explanation or analysis is slightly underdeveloped.
Basic – Offers a limited explanation of the business structure of sole proprietorship and partially analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages. The explanation and/or analysis are underdeveloped.
Below Expectations – Attempts to explain the business structure of the sole proprietorship and analyze the steps to form, personal liability for owners, taxation, advantages, and disadvantages; however, the explanation and analysis are severely underdeveloped.
Non-Performance – The explanation of the business structure of sole proprietorship and the analysis of steps to form, personal liability for owners, taxation, advantages, and disadvantages are either nonexistent or lack the components described in the assignment instructions.
Explains the Business Structure of Partnership and Analyzes the Steps to Form, Personal Liability for Owners, Taxation, Advantages, and Disadvantages
Distinguished – Offers a thorough and detailed explanation of the business structure of the partnership and comprehensively analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages.
Proficient – Offers a detailed explanation of the business structure of the partnership and analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages. The explanation or analysis is slightly underdeveloped.
Basic – Offers a limited explanation of the business structure of the partnership and partially analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages. The explanation and/or analysis are underdeveloped.
Below Expectations – Attempts to explain the business structure of the partnership and analyze the steps to form, personal liability for owners, taxation, advantages, and disadvantages; however, the explanation and analysis are severely underdeveloped.
Non-Performance – The explanation of the business structure of partnership and the analysis of steps to form, personal liability for owners, taxation, advantages, and disadvantages are either nonexistent or lack the components described in the assignment instructions.
Explains the Business Structure of an LLC and Analyzes the Steps to Form, Personal Liability for Owners, Taxation, Advantages, and Disadvantages
Distinguished – Offers a thorough and detailed explanation of the business structure of an LLC and comprehensively analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages.
Proficient – Offers a detailed explanation of the business structure of an LLC and analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages. The explanation or analysis is slightly underdeveloped.
Basic – Offers a limited explanation of the business structure of an LLC and partially analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages. The explanation and/or analysis are underdeveloped.
Below Expectations – Attempts to explain the business structure of an LLC and analyze the steps to form, personal liability for owners, taxation, advantages, and disadvantages; however, the explanation or analysis are severely underdeveloped.
Non-Performance – The explanation of the business structure of an LLC and the analysis of the steps to form, personal liability for owners, taxation, advantages, and disadvantages are either nonexistent or lack the components described in the assignment instructions.
Explains the Business Structure of a Corporation and Analyzes the Steps to Form, Personal Liability for Owners, Taxation, Advantages, and Disadvantages
Distinguished – Offers a thorough and detailed explanation of the business structure of the corporation and comprehensively analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages.
Proficient – Offers a well-detailed explanation of the business structure of the corporation and analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages. The explanation or analysis is slightly underdeveloped.
Basic – Offers a limited explanation of the business structure of the corporation and partially analyzes the steps to form, personal liability for owners, taxation, advantages, and disadvantages. The explanation and/or analysis are underdeveloped.
Below Expectations – Attempts to explain the business structure of the corporation and analyze the steps to form, personal liability for owners, taxation, advantages, and disadvantages; however, the explanation and analysis are severely underdeveloped.
Non-Performance – The explanation of the business structure of a corporation and the analysis of the steps to form, personal liability for owners, taxation, advantages, and disadvantages are either nonexistent or lack the components described in the assignment instructions.
Critical Thinking: Explanation of Issues
Distinguished - Clearly and comprehensively explains the issue to be considered, delivering all relevant information necessary for a full understanding.
Proficient - Clearly explains the issue to be considered, delivering enough relevant information for an adequate understanding.
Basic - Briefly explains the issue to be considered, delivering minimal information for a basic understanding.
Below Expectations - Briefly explains the issue to be considered, but may not deliver additional information necessary for a basic understanding.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Critical Thinking: Evidence
Distinguished – Employs persuasive information from credible sources to develop an ample analysis or synthesis of the topic. Viewpoints of experts are scrutinized thoroughly.
Proficient – Employs applicable information from credible sources to develop an analysis of the topic.
Basic – Identifies applicable information from credible sources, but may neglect the application of such information toward the analysis of the topic.
Below Expectations – Displays information from external sources, but such information may lack credibility and/or relevance. Neglects the application of such information toward the analysis of the topic.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Reading: Relationship to Text
Distinguished – Analyzes texts for scholarly significance and pertinence within and across the various disciplines, assessing them according to their contributions and consequences.
Proficient – Utilizes texts in the context of scholarship to expand a foundation of disciplinary knowledge and to raise and discover significant inquiries.
Basic – Employs texts with the intent and expectation of increasing knowledge.
Below Expectations – Approaches texts only within the context of assignment.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Control of Syntax and Mechanics
Distinguished – Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.
Proficient – Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand.
Basic – Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader.
Below Expectations – Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: APA Formatting
Distinguished – Accurately uses APA formatting consistently throughout the paper, title page, and reference page.
Proficient – Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.
Basic – Exhibits limited knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.
Below Expectations – Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Page Requirement
Distinguished – The length of the paper is equivalent to the required number of correctly formatted pages.
Proficient – The length of the paper is nearly equivalent to the required number of correctly formatted pages.
Basic – The length of the paper is equivalent to at least three quarters of the required number of correctly formatted pages.
Below Expectations – The length of the paper is equivalent to at least one half of the required number of correctly formatted pages.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Resource Requirement
Distinguished – Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Proficient – Uses the required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Basic – Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.
Below Expectations – Uses an inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.

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