Activity 4: Forum
We've covered the different types
of business registration and their pros and cons. Now, let's test your
understanding!
Please engage with every challenge.
When you reply on your forum posting, please indicate the number in the front
of your posting on which topics you are responding to.
1) Matching
Game
Match the
following business ideas with the most suitable registration type (Sole
Proprietorship, Partnership, LLC, Corporation):
- A freelance writer offering content creation services.
- Three friends opened a bakery with a shared investment.
- A musician was developing a mobile app for music lessons.
- A tech startup aiming to revolutionize home delivery services.
2) Your Business, Your Choice!
Now, let's get personal! Share your own creative business idea with the forum. Briefly explain:
- Your business concept: What product or service are you offering?
- Target market: Who are you trying to reach?
- Reasons for your choice: Why do you think a particular registration type (Sole Proprietorship, Partnership, LLC, Corporation) would be the best fit for your business idea? Consider factors like liability, growth potential, and financing needs.
3)Bonus Round: Ask the Experts!
Do you have any questions or doubts regarding business registration for your idea? Feel free to ask your fellow students and me (the resident business professor/entrepreneur)! Let's help each other navigate the exciting world of launching our ventures!