1. Business Venture Project Proposal EGR 403 Section 03 Team 2

2. Type of Project Sole Proprietorships vs. Corporations

3. Group Members and Roles Francisco Hernandez-Summarizer Henok Kebede-Techy Jason Lee-Techy Michael Vandersluis-Organizer

4. Scenarios Location of business: Southern California Initial Investment:$100,000.00 Patent a Design Legal Issues Financial Issues Sensitivity Analysis

5. Legal & Financial Issues Sole Proprietorship:  Higher income tax rate  Unlimited Liability  Profits flow directly to owner’s personal tax return Corporation:  Lower corporate tax rate  Limited Liability Protection  Double Tax

6. Change in ROR Analysis (Years)

7. More ROR Analysis

8. Sensitivity Analysis

9. Resources The law of corporations and other business organizations / Angela Schneeman Statistics of income. Sole proprietorship returns Publication (United States Internal Revenue Service) Statistics of income. Partnership returns / Dept. of the Treasury, Internal Revenue Service Internet ( i.e. www.ss.ca.gov/business/business.htm, www.privacyprotection.ca.gov, www.entrepreneur.com, www.nolo.com, www.corp.ca.gov, www.sba.gov)www.ss.ca.gov/business/business.htm www.privacyprotection.ca.gov www.nolo.comwww.corp.ca.govwww.sba.gov