Assume that you are going to open a business within the next 10 years. What type of business would you start? Discuss what form of ownership would you choose (Sole Proprietorship, Partnership or Corporation; see p.115).  What are the advantages and disadvantages of this type of ownership structure?  What category would this business fall into, and why (Small business, franchise, general and limited partnerships, S Corporations, LLC, etc.)?

Must be typed in Word, double-spaced using Times New Roman 12 pt. font, with one-inch margins all around.  The length of the paper should be 3 to 5 complete pages (not part of a page). The paper must include an introduction, body, and conclusion.  Use headings to better guide the reader (Introduction, Type of Business, Form of Ownership, Advantages of Ownership Structure, Disadvantages of Ownership Structure, etc.).  This is an evidence based learning environment. Support your statements and conclusions with data and research. Please refer to the “Writing” rubric on the “Rubrics” page for threaded discussion criteria and standards. This rubric should be used as a guide and clearly outlines what is required for an A, B, C and D grade.

Cite the textbook or any other sources using APA format.

Remember to include a Reference page.  To find the proper format for references, please use this website:

           https://owl.english.purdue.edu/owl/resource/560/01/

Format is also important.  Points will be lost if the format is not followed as described above and if citations are not in APA format.

Format:

Must have a cover sheet, including the following information: name of assignment, student name, and New Jersey City University. 

Please include the following statement on all assignment cover pages –

           CERTIFICATION OF AUTHORSHIP:

I certify that I am the author of this work and that any assistance I have received in its preparation is fully acknowledged and disclosed.  I have also cited any sources from which I used data, ideas or words, directly quoted or paraphrased.  This work was prepared by me specifically for this course.

Notes

• Opening a buy, sell, trade clothing store called “The Villa”
  • Buy sell and trade streetwear and sneakers
• Sole proprietorship
• Small business