BUSINESS ORGANIZATION BGP Technologies

BUSINESS ORGANIZATION  BGP Technologies 
BGP Technologies is a fictitious biotech company that provides pharmaceutical 
consulting, custom drug manufacturing, and a line of consumer medical devices 
and generic drugs to customers worldwide. It has consulting offices in most of 
the major cities in the world, including New York, Los Angeles, London, Paris, 
Rome, Shanghai, and Mumbai, with manufacturing plants in the United States, 
China, and Mexico. Recently, the worldwide financial slump has put the company 
in a difficult position. Before the downturn, the company could absorb the 
litigation costs associated with its operations as part of the normal cost of 
doing business; now it can no longer afford to do so. BGP Technologies wants to 
implement whatever actions it can to avoid or at least minimize some of the 
legal pitfalls facing it in its worldwide operations. This is the topic of your 
final project—a companywide legal risk avoidance plan.
 
Answer the following questions:

•	Are some forms of business entities more suited to certain types of business 
operations? Why?
•	What can companies do to minimize the legal problems involving ownership 
rights (shareholders’ right for a corporation, members’ rights for an LLC, and 
partnership rights for a partnership)?
•	What is the best business entity for BGP Technologies and what can they do 
to minimize the risks related to that business type?
 
Prepare a risk avoidance report on these questions