BUSN623 Assignment W4.docx - Running head BUSINESS ESSAY 1 Business Essay David Childs American Military University BUSINESS ESSAY 2 Fundamentals of

BUSN623 Assignment W4.docx - Running head BUSINESS ESSAY 1...

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Running head: BUSINESS ESSAY 1 Business Essay David Childs American Military University
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BUSINESS ESSAY Fundamentals of Starting A Business Concerning Gemma And James Invention While in their studies, students are always encouraged to be job creators rather than being job seekers. With these aspects in mind, the students must understand the big employment problems the country is facing, and the number of graduates released from our universities and colleges annually. Therefore, for Gemma and James to come up with innovation while back in school, that was a total commendable action, which poses a challenge to their colleagues. Being entrepreneurs is the only way that can save the country from high unemployment problems. Due to their innovations, the essay shall discuss their business idea and implementation through consideration of various aspects as proposed by the study guide. Partnership Form Of Business To begin with, the most appropriate form of business the two should involve is the partnership form of marketing. However, since the company is privately owned, the best kind of registering the industry is under the private-partnership type of business (Choudhury et al., 2018). It is a form of marketing which involves more than one person who comes together and agrees on the way through which they shall be sharing the gained profit. Legal Environment of Business To accomplish and implement the overall business ideas, the two parties must adhere and comply with the legal, environmental ideas towards the accomplishment of business goals and objectives. Due to this, we referee to the legitimate business environment as the overall attitude of the government towards entrepreneurship activities, including the current trends of the public taxation reports as well as commerce regulations business (Choudhury et al., 2018). This indicates that the two parties must consider the following laws, which are expected to affect their overall business performances. They include antitrust law, whose mandate is to ensure that the issue of monopoly has dealt with. Thus, for fair competition, 2
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BUSINESS ESSAY while transacting their business activities, they shall be guided by this law, which dictates the overall objectives of antitrust law, of countering the unfair competition. Thus they shall be
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