• Identify and recommend two additional professionals to represent your virtual team on the board of directors for your virtual business.
• Propose the U.S. state and legal structure of business (sole proprietor, partnership, LLC, etc.) to register your virtual business.
• Explain why your team chose such a legal structure and the tax and operational implications pertaining to your chosen state and the Internal Revenue Service.
• Determine if a business license is needed and gather necessary information.
• Identify and collect the information needed to fill out state and federal forms. Make necessary business decisions to fill out the forms.
• Develop a name brand, tagline, and logo for your virtual business.
• Conduct analyses on the industry and markets of your virtual business to inform your business strategy.
• Describe the problem your virtual business aims to solve. Using research, explain why the problem exists and how your virtual business will work to solve the problem.
• Develop an inspirational vision statement for your virtual business.
• Develop a mission statement that aligns with your vision statement for your virtual business.
• Develop a set of values and create a statement describing the ethical approach to support your values for your virtual business.
• Explain how your company values will drive management and leadership decision-making in your virtual business.
• Develop a philosophy statement that defines the identity and culture of your virtual business.
• Set goals for your virtual business.
• Set business objectives for each virtual team member.
• Search for a free website-building software. Sign up for a free account and create a free website URL for your business.
• Synthesize a minimum of three peer-reviewed, academic research resources to substantiate your critical thinking and to provide viable reasoning for your perspectives.
• Apply proper current APA style citation format.
• Use headings to segment the topics in your writing in order to create a flow of ideas for your reader.
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