BULE303 Wealth Management Service Business Project Assignment I need to create a company (non-retail) based on my major which is Finance and do some legal

BULE303 Wealth Management Service Business Project Assignment I need to create a company (non-retail) based on my major which is Finance and do some legal research about it. The research needs do be done only from my textbook which I will give you access to BULE 303-011
BUSINESS PROJECT (REQUIRED)
100 POINTS
Instructions:
This Business Project must be your own work. You may rely on course material only. Do
not consult the Internet to complete this Project, except for part II and only for the
specific websites designated in part II. DO NOT CUT AND PASTE OR QUOTE
FROM ANY SOURCE. You must paraphrase in your own words (more than seven
consecutive words). Collaboration is not permitted; no proofreaders are permitted.
Use complete sentences and do not use bullet points or outline format, however, please
number/letter each section. If you took this class before, resubmitting any part of your
previous Project is self-plagiarism and a violation of the Honor Code.
Your Business Project must be double-spaced in Times New Roman 12-point font with
your name, course and section, the name of your business, business form, and number of
employees in the upper left corner. Use the BUS 103 & 303 Mechanics of Writing Guide
posted on Blackboard for guidance on writing. In addition, do not start a sentence with a
number (e.g., 1st, 15%, 30) spell the number out and do not use contractions in your
Project (e.g., use cannot instead of can’t).
Please follow the format attached. Your Project must be no more than 1000 words, but
should be at least 700 words (approximately 2-4 pages). Word counts for each section are
merely guidelines. Your total word count is what is important. Words over the total word
limit will not be graded. A stapled hard-copy of your Project is due in-person by noon on
Friday, May 10, 2019 (it may not be submitted by email). Place your business project
in the box outside of Professor Demory’s office (Enterprise Hall #031). The box will be
available from Monday, May 6 at 7:30 PM until noon on Friday, May 10. A Word
version of your Project MUST also be submitted to SafeAssign on Blackboard by noon
on Friday, May 10. Submit your Word document to SafeAssign through the link in the
“Business Project” tab on Blackboard. Please review the Business Project Rubric
attached before completing.
Failure to submit the Project to SafeAssign on time will result in a 30-point deduction.
However, SafeAssign will close at 5:00 PM on May 10, 2019, after which no Project will
be accepted. Failure to submit to SafeAssign will result in a grade of 0, no exceptions. In
addition, failure to submit a stapled hard-copy in person by noon Friday, May 10, 2019,
will result in a 30-point deduction. No hard copies will be accepted after noon on May
10, at which point the Professor will grade the Project submitted to SafeAssign with the
30-point deduction. Projects will NOT be accepted by email.
Extra Credit: If you submit your Project to SafeAssign and turn in the stapled hard-copy
in class by 4:30 PM Monday, May 6, 2019, you will earn 7 extra credit points on the
Project. You may only turn in the hard copy during class. Do NOT slide it under my
office door.
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I.
Business Form (Respond to A, B, and C) 25 points
A.
Think of a business you would like to start (non-retail, no gyms, studios,
spas, salons, restaurants, stores, or cafes, etc.). Assume you will rent space for your
business in a three-story office building in Fairfax County, Virginia. Explain the type of
business you would like to start (e.g., IT consulting, financial advisor, insurance agent,
tax planning, etc.) If you need guidance on a business idea, review the occupations by
major document posted on Blackboard. (approximately 30- 50 words)
• Briefly explain the business you would like to start.
B.
Review the chapter 14-15 material and decide what type of business form
you would like for your start-up business (sole proprietorship, general partnership, LLC,
corporation, etc.). Assume you will be an owner and an employee of your business.
(approximately 100-200 words)
• Explain what business form you have selected. Explain why you have selected
this business form based on the law and/or its traits.
• Pick a name for your business consistent with your business form and explain.
• Explain the legal name for you as the owner based on your business form (Sole
Proprietor, Partner, Member, Shareholder, etc.).
• As an employee, what will your role be (Sole Proprietor, President, CEO, Vice
President, Manager, etc.)?
C.
How many employees will you have (you must have at least ten full-time
employees, including yourself). Describe what your employees will do, including
yourself (one employee, other than you, must be in sales). (approximately 20-30 words)
II.
Administrative Agency (Respond to either A or B) (approximately 100-200
words) 10 points
Do not cut and paste from the agency websites. SafeAssign matching scores are
often high in this section because students do not paraphrase in their own words. To
avoid low scores and a referral to the Honor Committee make sure your work is
original.
A.
Visit
https://www.virginia.gov/agencies/#paging:currentPage=0|paging:number
=10 and find a Virginia agency that would regulate your business. (Hint:
several state agencies do not regulate private businesses). Explain the
purpose of the agency and name two things you learned from the website
that would impact your business (in your own words). Provide the website
address. (100 words)
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B.
Visit http://www.scc.virginia.gov/clk/formsum.aspx and find a form that
your business would need to file in Virginia. Name the form, explain the
purpose of the form, describe the type of information you would need to
provide on the form and the filing fee, if any (in your own words).
III.
Employment (Respond to either A or B) (approximately 100-200 words) 20
points
A.
Review the chapter 17-18 material. Assume your business started on
March 5, 2018. One of your employees, Toby, started working for your business on that
day. Assume that on April 1, 2019, Toby comes to you and explains that he needs to have
back surgery urgently. He will be unable to work for at least four months. He is single
and has no other source of income. He has asked you for permission to take 16 weeks of
paid leave, starting April 15, 2019.
• Provide the name of the federal law(s) that might apply and explain.
• Based on federal law(s), must you grant his request and explain?
• Any concerns?
B.
Review the chapter 17-18 material. Assume you have an employee,
Meredith, who has worked for you for eight months. She is not a high performing
employee and you have considered firing her. However, unbeknownst to you, she has
been struggling with alcohol addiction for several years. Meredith comes to you and tells
you about her addiction to alcohol. She discloses that she is in recovery and she asks you
for permission to take 1.5 hour lunch breaks every day for the next three months to attend
Alcoholics Anonymous meetings. Her lunch break is currently thirty minutes.
• Provide the name of the federal law that might apply and explain.
• Based on that federal law, must you grant her request and explain?
• Any concerns?
IV.
Tort/Criminal (Respond to either A or B) (100-200 words) 25 points
A.
Review the chapter 5, 6, 14-16 material and assume one of your
employees, Dwight, intentionally harms a client/customer.
• Describe a scenario in your business in which this could occur (explain the facts).
• Is this intentional conduct also criminal? Explain.
• Could your business have civil liability? Explain.
• Could you have personal liability for the harm? Explain.
B.
Review the chapter 6, 14-16 material and assume two of your employees,
Kelly and Ryan, have been using your company’s resources, computers and work time to
solicit your clients/customers for their Ponzi scheme. Your clients/customers lose all the
money they invested with Kelly and Ryan. You only become aware of the scheme when
Kelly and Ryan are arrested. They now face criminal charges for their fraudulent scheme.
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Your clients/customers who lost their money are going to sue you and your business for
the tort of fraud. (Hint: review chapter 15 cases for guidance)
• Could your business have criminal liability for their crimes? Explain.
• Could your business have civil liability? Explain.
• Could you have personal liability for the fraud? Explain.
V.
Contracts/Ethics (Respond to A and B) (approximately 200 words) 20 points
total
Review the chapter 2, 10-11 material and assume that one of your employees, Michael,
on his first day of work misreads your price list for goods/services and charges Angela
$14 instead of $1400. Angela, a regular client/customer, pays $14 and she leaves with the
goods and/or the services performed. Angela is a top-earning, local real estate agent and
Vice-President of the local chamber of commerce. You discover the mistake the next day
and are concerned that you will not be able pay your bills this month. As a start-up
business, you have a very thin margin and some months you are just barely able to pay
your expenses, including your employees, vendors, rent, utilities, and taxes.
A.
You are considering calling Angela and explaining the mistake.
(approximately 50 words)
• Are there any contract theories that might help you in your discussion with your
client/customer? Explain.
B.
Despite your best argument, Angela refuses to pay the difference. You are
considering suing her for $1386. You are fairly confident you could win in court based on
the law. But, you are concerned about the damage she could cause your business through
her connections. (approximately 150 words)
• Use the Corporate Social Responsibility stakeholder approach to help you decide
whether to sue Angela. Identify at least two stakeholder groups that might be
impacted by your decision to sue or not and explain how they might be impacted
by your decision.
• Provide the decision you reach and why.
• From what you have learned this semester, do you see any other possibilities?
Explain.
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Name
BULE 303-011
Date
Business Name (example: YD & Partners)
Business Form (example: General Partnership)
Number of employees (example: 54)
BUSINESS PROJECT (format)
I. Business Form (A, B, and C)
A. I would like to start a…..
B. I will set up my business as a …..
C. My business will have _____ employees
II.
Agency (Respond to either A or B)
A. In my research of Virginia agencies, I…..
OR
B. In my research of Virginia forms for setting up a . . .
III.
Employment (Respond to either A or B)
IV.
Torts/Criminal (Respond to either A or B)
V.
Contracts and Ethics (Respond to either A and B)
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Grading Rubric for Business Project
Criteria
I. Business
Form:
Unacceptable
Not all parts of
prompt are
addressed.
Majority of
content is not
paraphrased,
missing,
incomplete
and/or
inaccurate
(100 points)
Acceptable
Most parts of
prompt are
addressed. Most
content is
paraphrased and
mostly accurate
and shows a
basic
understanding
of law
Points: 25
0-16
17-19
II. Agency:
Not all parts of
prompt are
addressed.
Majority of
content is not
paraphrased,
missing,
incomplete
and/or
inaccurate
Most parts of
prompt are
addressed. Most
content is
paraphrased and
mostly accurate
and shows a
basic
understanding
of material
Points: 10
0-6
7
III.
Employment:
Not all parts of
prompt are
addressed.
Majority of
content is not
paraphrased,
missing,
incomplete
and/or
inaccurate
Most parts of
prompt are
addressed. Most
content is
paraphrased and
mostly accurate
and shows a
basic
understanding
of law
6
Good
All parts of
prompt are
addressed
fully. Content
is in student’s
own words,
accurate,
thorough and
shows
appropriate
understanding
of law
20-22
Excellent
All parts of
prompt are
addressed fully.
Content is in
student’s own
words,
accurate,
thorough and
shows rich
understanding
of law
All parts of
prompt are
addressed
fully. Content
is in student’s
own words,
accurate,
thorough and
shows
appropriate
understanding
of material
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All parts of
prompt are
addressed fully.
Content is in
student’s own
words,
accurate,
thorough and
shows rich
understanding
of material
All parts of
prompt are
addressed
fully. Content
is in student’s
own words,
accurate,
thorough and
shows
appropriate
understanding
All parts of
prompt are
addressed fully.
Content is in
student’s own
words,
accurate,
thorough and
shows rich
understanding
of law
23-25
9-10
of law
Points: 20
0-13
14-15
16-17
18-20
Criteria
IV.
Torts/Criminal:
Unacceptable
Not all parts of
prompt are
addressed.
Majority of
content is not
paraphrased,
missing,
incomplete
and/or
inaccurate
Acceptable
Most parts of
prompt are
addressed. Most
content is
paraphrased and
mostly accurate
and shows a
basic
understanding
of law
Excellent
All parts of
prompt are
addressed fully.
Content is in
student’s own
words,
accurate,
thorough and
shows rich
understanding
of law
Points: 25
0-16
17-19
Good
All parts of
prompt are
addressed
fully. Content
is in student’s
own words,
accurate,
thorough and
shows
appropriate
understanding
of law
20-22
V. Contracts/
Ethics:
Not all parts of
prompt are
addressed.
Majority of
content is not
paraphrased,
missing,
incomplete
and/or
inaccurate
Most parts of
prompt are
addressed. Most
content is
paraphrased and
mostly accurate
and shows a
basic
understanding
of law
All parts of
prompt are
addressed fully.
Content is in
student’s own
words,
accurate,
thorough and
shows rich
understanding
of law
Points: 20
TOTAL
0-13
0-69
14-15
70-79
All parts of
prompt are
addressed
fully. Content
is in student’s
own words,
accurate,
thorough and
shows
appropriate
understanding
of law
16-17
80-89
7
23-25
18-20
90-100
•
•
•
•
•
•
Multiple issues with neatness, legibility, grammar/spelling and complete
sentences will result in a deduction of up to 20 points.
Failure to follow instructions will result in a deduction of up to 50 points.
Failure to submit a stapled, hard copy or to submit to SafeAssign will result in
consequences as described in the Business Project Instructions.
Using resources outside the textbook, lecture/slides, and course material will
result in a deduction of 50 points or more and a referral to the Honor Committee
(except for in Section II where specific website use is permitted).
Collaboration, plagiarism, and cheating issues will result in a grade of 0 and a
referral to the Honor Committee.
This is merely a guideline, grading may vary depending on content.
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