Consider non-profits and benefit corporations. What is the difference? What are the unique pros and cons of either form?
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We have all dreamed about starting a business. What kind of business would you like to start (this can be anything from a reindeer farm to a tech startup to an accounting firm and from a coffee shop to a real estate company)? Choose two types of business entity forms that you have learned about this week. Compare and contrast the pros and cons of each entity form. At the very least, cover the pros and cons of taxation, liability, financing and capitalization, and operational control and independence. What is the best form for your business, and why?
Consider your dream business from Discussion Board Question 1. Pick a good name for it. Next, go to Google Domains or other domain companies like Go Daddy to see what web addresses for your company are available and at what cost. Afterward, go to the Secretary of state website for the state you want to be its home and see whether that name is available. If not, what other names that are available would you pick? How much does it cost to register the business type you would form in that state (e.g. the Minnesota Secretary of State site)?
Consider non-profits and benefit corporations. What is the difference? What are the unique pros and cons of either form? Why might a healthcare organization opt for non-profit status? How might a benefit corporation form help to insulate a corporation from shareholder derivative lawsuits?
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