Module 02 Course Project – Deciding on the Right Entity for Your Business

Throughout out this program you have been exploring ideas for a business that you will open someday. The time to decide upon a business organization for your fantastic business idea is now. 

Use this info below to complete this assignment:

Name of the business is Directional Educational solution LLC

My business is about pooling the educational institutions where i can provide them solution regarding updated courses which they can offered to their student for value addition which are streamlined with industry demand.The target educational institutions are those providing engineering and management education.There are skill gaps in the student on what industry demand from them and what they have learned during their course.

I choose to organize the business so that i can make the business effective according to the current environment and all corporate practises can be adopted so that it can attract clients and customers along with investors and employees too.

Limited liability company entity attracts me because in this form the members of the company cannot be held personally liable for the company’s debts or liabilities.Due to the hybrid nature of LLC it appealed me .

 Answer these questions in this report:

For this portion of your project you will be choosing a business and deciding upon the proper structure that works best. In a 2-3 page paper, address the following questions:

  1. Provide a brief summary of your business idea. Include such information as whether it will be bricks and mortar, online, description of products and services, hiring employees, local or international, etc.
  2. Based on the above information and your resources, select the appropriate business organization to fit the needs of your business.
  3. Assess how this structure will be the most beneficial to your type of business and ownership. Which structure appealed to you the least?

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