Business Entities
Prompt: Read the case study below. In your discussion, address the critical element that follows.
Case Study Three: Jeb and Josh are lifelong friends. Jeb is a wealthy wind-power tycoon, and Josh is an active outdoor enthusiast. They have decided to open a sporting goods store, Arcadia Sports, using Jeb’s considerable financial resources and Josh’s extensive knowledge of all things outdoors. In addition to selling sporting goods, the store will provide whitewater rafting, rock-climbing, and camping excursions. Jeb will not participate in the day-to-day operations of the store or in the excursions. Both Jeb and Josh have agreed to split the profits down the middle. On the first whitewater rafting excursion, a customer named Jane falls off the raft and suffers a severe concussion and permanent damage to her spine. Meanwhile, Jeb’s wind farms are shut down by government regulators, and he goes bankrupt, leaving extensive personal creditors looking to collect.
Specifically, the following critical element must be addressed:
Identify the main types of business entities and discuss the advantages and disadvantages of each.
Your active participation in this discussion is essential to improving your understanding of the advantages and disadvantages of the various business entities. Actively engaging with your peers will help you complete the remaining critical elements in the third case study for your final submission.
Students are required to post one (1) initial post and to follow up with at least two
For your initial post (1), you must:
(2) response posts for each discussion board assignment. For your response posts (2), you must:
Compose a post of one to two paragraphs
In Modules One through Seven, complete the initial post by Thursday at
11:59 p.m. Eastern Time
In Module Eight, complete the initial post by Saturday at 11:59 p.m.
Eastern Time
Take into consideration material such as course content and other
discussion boards from the current module and previous modules, when appropriate
Reply to at least two different classmates outside of your own initial post thread
In Modules One through Seven, complete the two response posts by Sunday 11:59 p.m. Eastern Time
In Module Eight, complete the two response posts by Tuesday 11:59 p.m. Eastern Time
Demonstrate more depth and thought than simply stating that “I agree” or “You are wrong.” Guidance is provided for you in each discussion prompt.
Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions.

Rubric
Critical Elements
Exemplary (100%)
Proficient (85%)
Needs Improvement (55%)
Not Evident (0%)
Value
Case Study Three: Business Entities
Meets “Proficient” criteria and offers insight into the nuances of each in relation to one another
Correctly identifies the main types of business entities and discusses the advantages and disadvantages of each
Identifies the main types of business entities, but identification is not correct, or does not discuss the advantages and disadvantages of each, or discusses the advantages or disadvantages of each (but not both)
Does not identify the main types of business entities
70
Engagement
Meets “Proficient” criteria and clarifies claims and uses specific examples to substantiate and clarify claims where appropriate
Provides relevant response posts with some explanation and detail
Provides somewhat relevant response posts with some explanation and detail
Provides response posts that are generic with little explanation or detail