ACC 630 Milestone Three Guidelines and Ru
ic
This is the third of three milestone assignments that will lead to completion of your course’s final project. In this assignment, you will complete Section IV of the
final project. Prepare a Word document that addresses the critical elements below in relation to your chosen company. Answer each question in a substantive
way, and defend each of your responses with at least one scholarly source other than your textbook. Pay close attention to the grading ru
ic in order to make
sure you meet the “Proficient” level in each requirement.
Specifically, the following critical elements must be addressed:
IV. Trusts
A. Draw a conclusion about the purpose for the company’s trust based on the research of your company.
B. Why would a small business owner want to set up a trust, and how could it be used for estate planning purposes?
C. Evaluate the similarities and differences between trusts and corporations. In an attempt to protect income, which would be most suitable for a
company?
Ru
ic
Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Word document (excluding the title and reference pages). Use double spacing, 12-
point Times New Roman font, and one-inch margins. For references, you should use at least one outside source other than the textbook. Sources should be cited
using the latest APA style guidelines.
Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value
Trusts: Conclusion
Draws a conclusion about the purpose for
the trust based on the research of the
company
Draws a conclusion about the purpose for
the trust, but conclusion is cursory or
inaccurate
Does not draw a conclusion about the
purpose for the trust
30
Trusts:
Estate Planning
Purposes
Determines why a small business owner
would want to set up a trust and describes
how a trust could be used for estate-
planning purposes
Determines why a small business owner
would want to set up a trust, but does not
determine how it could be used for estate-
planning purposes or determination is
cursory or inaccurate
Does not determine why a small business
owner would want to set up a trust
30
Trusts:
Protect Income
Evaluates the similarities and differences
etween trusts and corporations and
determines which would be most suitable
to protect income
Evaluates the similarities and differences
etween trusts and corporations, but does
not determine which would be most
suitable to protect income, or
determination is inaccurate
Does not evaluate the similarities and
differences between trusts and
corporations
30
Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value
Articulation of
Response
Submission has no major e
ors related to
citations, grammar, spelling, syntax, or
organization
Submission has major e
ors related to
citations, grammar, spelling, syntax, or
organization that negatively impact
eadability and articulation of main ideas
Submission has critical e
ors related to
citations, grammar, spelling, syntax, or
organization that prevent understanding of
ideas
10
Total 100%