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Business, 10.10.2020 14:01 avrihalverson

A. Describe the type of company you chose. (1-2 sentences. 0.5 points) b. If you were starting a new company, describe at least three departments to the company that you would need right away. Why are these departments so important? (1-5 sentences. 1.5 points)

c. What type of organizational structure would you want to use for this company (by function, by process, by product, and so on)? Explain why you would prefer this structure. (2-4 sentences. 1.0 points)

d. How important would liability protection be for this type of company? Explain why it would or would not be important. (2-4 sentences. 2.0 points)

e. Which business structure would make the most sense for this type of company (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation)? Explain why this structure would be good for this type of company. Give at least 3 reasons. (3-6 sentences. 6.0 points)

f. Describe at least three factors of success that you would want to focus on for this company. (1-3 sentences. 1.5 points)

g. Describe at least two risks that this type of company might face, and explain how you could deal with those risks. (2-4 sentences. 2.0 points)

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