Primary Task Response: Within the Discussion Board area, write 400 to 600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Unit 4 Discussion Board Part 1
As you reflect on your time at Phishy Pharmaceuticals, you decide it is time to move on with your career. You have always wanted to start you own restaurant business and be an entrepreneur. As an entrepreneur, you must decide whether the business should operate as one of the major forms of business organization, sole proprietorship, general partnership, limited partnership, limited liability partnership, limited liability company, or corporation, or under other available legal business forms.
Your selection depends on many factors, including the ease and cost of formation, the capital requirements of the business, the flexibility of management decisions, government restrictions, personal liability, tax considerations, and the like. You must choose one of the major forms of business that is best for your business. (For this assignment, you should not choose a sole proprietorship for your business entity.) In your initial Discussion Board post, you must address each of the following:
- The defining legal characteristics of your business entity
- The advantages and disadvantages of your legal business entity
- The operating agreement required by your entity
- Why that entity choice is the best for your business
Part 2 400-600 Words
Part 1 (Post this response in the main U5 DB thread “Unit 5 Discussion Board”)
Businesses created in the United States are required to comply with U.S. laws and must act ethically. Recall that the law creates a minimum amount of behavior obligatory by businesses in humanity, whereas ethics requires more. Ethics is a major consideration in examining the actions of managers and the function of business organizations. An ethically minded business focuses on the following:
- Integrity: Focusing on the character of the individuals involved in the decision or action
- Consequences: Focusing on good and bad decisions
- Duties, obligations, and principles: Focusing on fairness, justice, and respect for individuals and property
As the manager of your restaurant, you want to have a clear understanding of how to handle ethical issues that arise. You conduct some research and discover there are six steps to ethical decision making. List, explain, and give an example of the six steps of ethical decision making that businesses can follow. Then, choose a business that you believe acts ethically and is socially responsible. Once you select a business, provide examples of how your company is acting with social responsibility.
Part 2 (Post this response in the appropriate topic within U5 DB)
You decide that your restaurant is going to be socially responsible by implementing a corporate social responsibility plan. Under this plan, your restaurant is going to perform a series of fundraisers, donate leftover goods to homeless shelters, purchase only locally grown produce, and so on. Based on the first initial of your last name, complete the following:
Provide an argument against implementing the decision to implement the corporate social responsibility plan for the restaurant. Provide research, legal terminology, and cite a legal case to support your argument. Submit your position by posting in the Unit 5 Debate Forum under the AGAINST topic.
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