Assignment 1: Legal Form of Business at Tim’s
(Review Tim’s Coffee Shoppe scenario here)
Assignment 1: Choose a business form (example, sole proprietorship and so on), that
would be most appropriate for Tim’s Coffee Shoppe and justify your answer. Refer to
Discussion 1 and the Learning Activity in this unit for a quick review of the types of
business forms commonly used. Further information regarding forms of business can be
accessed via the U.S. Small Business Administration (SBA) Website
at http://www.sba.gov/.
Then search for “business structures.”
Checklist: What business form would be most appropriate at Tim’s and why? Explain the benefits and drawbacks of the business form you chose. Explain which general state and federal laws might impact registration of
Tim’s business: Due to the fact that Tim’s is a restaurant business. Respond In a minimum of 350 words in APA format (12 point Times New Roman Font,
double-spaced) and submit your response to the Assignment Dropbox.
Access the grading rubric.
