Write a paper that 1) provides details on the business you are going to have, 2) explains why you chose the business structure that you did, 3) explains ethical dilemmas you may encounter in starting this business, and 4) discusses potential legal issues of which you must remain aware. A complete analysis of potential legal issues will explain what the potential legal issue is, when it might occur, how you could keep the legal issue from happening, and the consequences (i.e. legal, financial, etc.) of failing to identifying the problem before it occurs.
For details on your business, be sure to include the following:
Business name
Location
Legal structure (sole proprietorship, LLC, S Corporation, or partnership)
Mission statement
Description of products and services and how they meet the needs of the marketplace
Target market (who will buy your product or services)
Competitive advantage (what sets you apart in the marketplace to allow you to succeed)
Objectives and goals (plans for growth)
Your paper should use a 12 point font, a minimum of 4-6 pages (excluding title and source page), be double spaced, and use APA formatting to cite references on the last page of your assignment (if you use any external sources). It should be submitted as a Word or PDF document.
Remember that you are being graded on the number of potential legal issues that you can identify.
I have chosen to write about opening a winery and restaurant in Oldham County, KY named Ohio Valley’s Finest Wines (if this is possible).
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