Please find below the project information, there are five steps to take in this project. Please note that each of steps 2, 4, and 5 require a separate two page essay, for a total of 6 pages of your original thoughts based on the reading of the textbook that you have done, and other resources you may choose to consult, observing requirements below. Please observe the two-page minimum limit for each essay for every step. Please label each step for every step. Please do not cite to Wikipedia. Please do not use bullet points. Make sure to include a MLA Work Cited page giving the sources that you used to complete this assignment.
Step 1) Form an itemized business plan for a new limited liability company. Google “business plan” for a treasure trove of ideas! Use the ideas as a template and adapt it to your business activity.
Step 2) Fill out pertinent State of Ohio articles of organization form for the newly planned LLC. These are available online, at no charge. Then discuss the advantages and disadvantages of the selected business structure, LLC, in a short essay not less than 2 pages long, observing requirements above. This step requires that you discuss the advantages and disadvantages of organizing your business as an LLC, not whether it is a good idea to start a restaurant, or a spa, or a bar. Check out chapter 17 in your text.
Step 3) Discuss possible federal or state agencies and/or regulations the new LLC may encounter, in a short essay not less than 2 pages long, observing requirements above. Name the agencies that your new LLC will encounter and what, exactly, this agency will require of your business.
Step 4) Create a contract between your new LLC and the XYZ Corp. I believe that starting a new business means that you will need to buy something. There is a good example in your textbook, starting on page 318. You may use this template, but please change it to fit your new business.
Step 5) Finally, discuss if the UCC is applicable to the new LLC, in a short essay not less than 2 pages long, observing requirements above. There is a discussion of selected sections of the UCC in your text in Chapter 14.
