Questions from General Entrepreneurship


Q: What is an example of a business that wouldn’t be suitable for

What is an example of a business that wouldn’t be suitable for franchising?

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Q: Why isn’t choosing a legal entity a one-time event?

Why isn’t choosing a legal entity a one-time event?

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Q: What might trigger a firm’s decision to change how it is legally

What might trigger a firm’s decision to change how it is legally organized?

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Q: Based on the information included in this chapter, in general,

Based on the information included in this chapter, in general, do entrepreneurs tend to overestimate or underestimate their knowledge of the laws that pertain to starting a new firm, and why?

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Q: How is a C corporation subject to double taxation?

How is a C corporation subject to double taxation?

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Q: Why is it important for an entrepreneur to build a strong ethical

Why is it important for an entrepreneur to build a strong ethical culture for his or her firm?

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Q: What are some of the specific steps that can be taken in

What are some of the specific steps that can be taken in an entrepreneurial venture for the purpose of building a strong ethical culture?

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Q: What is the purpose of a code of conduct?

What is the purpose of a code of conduct?

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Q: What are some of the more important criteria to consider when selecting

What are some of the more important criteria to consider when selecting an attorney for a new firm?

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Q: What is the purpose of a nondisclosure agreement and the purpose of

What is the purpose of a nondisclosure agreement and the purpose of a no compete agreement?

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