Purpose of Assignment
The purpose of this assignment is to select the best organizational form, and to discuss ethical concerns with the business scenario.
Assignment Steps
Scenario: Adam and Laura wish to open a pet grooming shop called Dazzling Doggies Day Spa. Laura's mother Beth would like to contribute the startup costs in exchange for a share of profits, but she doesn't want to participate in the daily operations of the business. She also doesn't want to have any personal liability in the business.
Develop a 200-300 word summary with the following information; in your paper, use the two headings indicated in bold, underline:
• Business Form: Which business organizational form would be best given the above circumstances, and why?
• Piercing Corporate Veil: Unbeknownst to Laura and Beth, Adam begins to use Dazzling Doggies Day Spa's checking account to pay all his personal bills. Are his actions ethical? Why or why not?
Cite a minimum of two peer-reviewed references.