Business Law, Start-Up Checklist: Business, Legal

Hi,

This is a two part assignment about starting up a business. Here are the instructions:

Sally’s Business Idea

Sally, a fourth-year student in the Culinary Institute of America

(CIA), has approached you about the establishment of a business the two

of you have dreamed about for years: opening a restaurant in Florida!

Sally, your best friend from childhood, indicated she performed some

preliminary research and decided, “It’s now or never!”

After reviewing her notes, you both agreed that if the two of you
could assemble a start-up plan, it would result in substantial start-up
costs savings. Fortunately, you have a business law course this semester
designed to integrate legal theory and business operations that should
be helpful. Your course is designed to provide hands-on use of authentic
legal and business-planning tools and documentation required to start
and operate a business. The course is going to provide a wealth of
information. Sally suggests that since you will shortly be a “Legal
Eagle,” you should handle the details related to starting a business.
This includes researching the legal and business aspects required to get
a business up and running.

Sally agreed to handle the food and beverage aspects and provide
various issues that need documentation. As a lifelong friend of Sally,
you remember one important thing; she always has many questions, and she
expects perfection. Sally consistently wants to assign a grade to
everything! So you have developed the habit of reading all the support
material you can find and perform research that you can use to document
everything you submit to her for review. Her expectation is that you
will read your course textbook, perform outside research, and review
other resources that she will provide to assist you in constructing your
work product critical to building a business plan. Review the
information on the Readings & Resources page to make sure you have all the knowledge you need!

Part 1- Sally’s Start-Up Checklist: Business

Since Sally knows that you have watched the SBA videos designed for

entrepreneurs starting small businesses, she would like for you to do

some background work based on what you have learned.

Sally’s Questions

• Sally has written down her questions in the Requirements for Starting a New Business: Background Work – Business Requirements (DOCX).
  She asks that you download the document, answer the ten questions, and
  submit your answers for the assignment. Use the information from the SBA
  videos as your guide.
• The SWOT Matrix Form (DOCX) will assist you in completing Sally’s Requirement Sheet.

Submit

Once you have answered all of Sally’s questions, name your document and submit the completed document with your answers and your completed SWOT Matrix Form. Use a naming convention that does not use punctuation or special characters.

Part 2 – Sally’s Start-Up Checklist: Legal

Since Sally knows that you have watched the SBA videos designed for

entrepreneurs starting small businesses, she would like for you to do

some background work based on what you have learned.

In addition to the information in the SBA videos, Sally has provided
the following resources to help you answer the next set of questions.

• Florida Fictitious Name Registration Site (Florida Department of State, Division of Corporations) (Links to an external site.)
• Trademark Law and Naming Your Business (Digital Media Law Project) (Links to an external site.)
• Employment Laws Assistance for Workers and Small Businesses (United States Department of Labor) (Links to an external site.)
• Employer Identification Numbers (Internal Revenue Service) (Links to an external site.)

Sally’s Questions

Sally has written down her questions in the Requirements for Starting a New Business: Background Work – Legal Requirements (DOCX).
She asks that you download the document, answer the twelve questions,
and submit your answers for the assignment. Use the information from the
SBA videos as your guide.

Submit

Once you have answered all of Sally’s questions, name your document
and submit the completed worksheet with your answers. Use a naming
convention that does not use punctuation or special characters.

Additional Readings

View the following website, 10 Steps to Start Your Business, (Links to an external site.) from the Small Business Administration. Make sure that you hit all of the “Learn More” buttons to get all of the information.