Running head: BUSINESS ORGANIZATION 1
Multimedia Activity: Business Organization
Chelsea M. Reyes
BUS 311 Business Law I
Instructor: Anthony Patete
November 24, 2019 BUSINESS ORGANIZATION 2
Multimedia Activity: Business Organization
If I were to start a business, I would start a Dental Insurance Breakdown and Verification Company. This company would go to the dental offices once or twice a week and ensure all insurances are verified, policy breakdowns are updated, the proper procedures are scheduled based on frequency, and any out of pocket cost is explained to the patient and family before the appointment. My company would be responsible for organizing the schedule and maintaining insurance verifications for up to two weeks ahead. In the event that the office has an emergency case or a case that is scheduled and expected to be execute before my company comes to the office, it is the office’s responsibility to hold themselves accountable for that insurance verification and breakdown. Sole Proprietorship:
Since I would be both the owner and manager/operator of my company, it would be considered a sole proprietorship.
•Steps to form:
As a sole proprietorship, there are no formalities or expenses attached with the starting of my company (Rogers, 2012, chap. 13). With my company, I would want to create a logo and slogan, and the rest would be the footwork that I would put in my going to every dental office in my area
and providing one free day of my services so that the organizations could experience what it would be like to have a company come in and complete their most time-consuming tasks. •Personal liability for owners:
Multimedia Activity: Business Organization
Chelsea M. Reyes
BUS 311 Business Law I
Instructor: Anthony Patete
November 24, 2019 BUSINESS ORGANIZATION 2
Multimedia Activity: Business Organization
If I were to start a business, I would start a Dental Insurance Breakdown and Verification Company. This company would go to the dental offices once or twice a week and ensure all insurances are verified, policy breakdowns are updated, the proper procedures are scheduled based on frequency, and any out of pocket cost is explained to the patient and family before the appointment. My company would be responsible for organizing the schedule and maintaining insurance verifications for up to two weeks ahead. In the event that the office has an emergency case or a case that is scheduled and expected to be execute before my company comes to the office, it is the office’s responsibility to hold themselves accountable for that insurance verification and breakdown. Sole Proprietorship:
Since I would be both the owner and manager/operator of my company, it would be considered a sole proprietorship.
•Steps to form:
As a sole proprietorship, there are no formalities or expenses attached with the starting of my company (Rogers, 2012, chap. 13). With my company, I would want to create a logo and slogan, and the rest would be the footwork that I would put in my going to every dental office in my area
and providing one free day of my services so that the organizations could experience what it would be like to have a company come in and complete their most time-consuming tasks. •Personal liability for owners:
