Week 1 Discussion 1&2 - Constitutional and Legal Underpinnings of Business Law

Discussion W1

I need 3 paragraphs for each discussion which is a total of 6 paragraphs. Please keep both separate and address each question.  

 Discussion 1 Constitutional and Legal Underpinnings of Business Law

Review the Constitution in Appendix A and  choose one of the following sections of the U.S. Constitution or a specified amendment to use as the basis for your initial response:

• Any of Congress’s enumerated powers under Article I, Section 8
• 1st Amendment
• 4th Amendment
• 5th Amendment
• 14th Amendment

Identify the section of the Constitution or its amendment that you have chosen. Discuss how this section of the Constitution or its amendments both limit and protect business in general. Describe an example of how the section of the Constitution or its amendment that you have chosen could be applied to your professional life (past, present, or future). In your example, discuss whether the section of the Constitution you have chosen to address limits business or protects it.

Discussion 2 Limited Liability Companies

When to form an LLC (Limited Liability Company) (Links to an external site.) discusses why the LLC is one of the most popular types of business entity. After reading the article and Chapter 30 of the textbook, compare an LLC with a C corporation and with an S corporation. If you were operating your own business, would you choose the LLC as the organizational form for your business? Explain your reasoning.