This assignment is intended to be a fun (yes, fun) and practical application of the material you are learning
in BUSA 2106 this semester. In this assignment, you can choose to work alone or in groups of up to 3
students to complete the documents required to form a new company (a small business, NOT a publicly
traded company.) The type of company you wish to form is completely up to you- so feel free to be creative!
The type of business entity you choose for your new company is also up to you (I will grade you on the
appropriateness of your choice of entity, but for most businesses, there will be more than one choice that is
equally appropriate). Examples of the types of entities you may choose from include sole proprietorship,
partnership, LP, LLP, LLLP, LLC, Corporation (for profit), Subchapter S Corporation, non-profit corporation,
and professional corporation. However, some of those entities are NOT appropriate choices, so be careful!
If you choose to work in groups, you must assume that all group members will be co-owners in the new
company (although the ownership interest of each owner does not have to be equal). Instructions and
additional documents are posted in the Major Project module here in CourseDen for your reference.