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79 Starting My Business in Maryland

Carl Pavetto

Cohort 2023

Learning Objectives

Using several important life skills – collaborating, innovating, researching, and critical thinking – students work with a partner to think of an innovative business idea, research the on-line resources, and by thinking critically select the best available organizational structure for achieving their business objectives. 

Purpose/Rationale

This assignment is timeless. I will use it in both of my Business Law courses in the Fall 2023 semester, and I plan to use it in succeeding semesters. 

Instructions

Working with a partner [ collaborative learning ] students will:

  1. Decide on an idea for an innovative business [ such as writing a blog or doing videos that teach students about Generative AI.
  2. Submit a one-page written description of the business idea and business objectives [ writing intensive.
  3. After instructor approval of the business idea and objectives, students research the variety of business organization options that are available to entrepreneurs in Maryland.
  4. Students use critical thinking to select a business organization that befits their business plan and submit a 2 to 3 page description of the legal parameters for their choice of business organization.
  5. After instructor approval of the business organizational choice, students complete the appropriate application required by the State of Maryland.
  6. Students submit the completed application to the instructor ( number of pages varies ).

Format Requirements

First installment – the description of the business idea and objectives – one page.

Second installment – legal and business justification for their choice of business organization – 2-3 pages; completed business application per Maryland State requirements – page count will vary.

Rubric/Criteria

e-Faculty for Online Teaching Fellowship RUBRIC for High Impact

  • Project Organization 10 points
  • Content 15 points
  • Critical Thinking (HIP) 30 points
  • Effective Writing (HIP) 30 points
  • Engagement and Creativity 10 points
  • Grammar and Mechanics 5 points

 Students’ written products are clear and logical Student demonstrates understanding of business organization concepts and principles Student recognizes what the key points are Student’s writing is clear and logical Students’ business idea is innovative Grammar, punctuation, and spelling are error free Student shows effective use of headings and subheadings Content is comprehensive Student’s analysis reflects insightful thinking Student’s writing is reflective of insightful critical thinking Students’ business idea is captivating Students’ writing reflects the recognized terminology Flow of information is easily understandable Information provided is relevant Student understands concepts like pros and cons, and consequences and unintended consequences of business decisions Student’s writing style is reflective of writing for the audience (the reader) Students’ business idea is practical enough to have the promise of real-world success Student’s appropriately presents sources, references, and credits Student demonstrates an understanding of the real world of business Student’s analysis reflects an understanding of the real world of business Student’s sentence and paragraph structure conforms to accepted practice Student’s use of jargon is limited or explained for the lay person

License

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This work (Starting My Business in Maryland by Carl Pavetto) is free of known copyright restrictions.