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All businesses are governed by federal and state laws. It is important to be aware of and comply with these regulations.
Consider a company you would like to start. Answer the following in 175 to 350 words:
Describe what it would do.
Identify 3 possible names for the company.
Determine whether any of the names listed above are available as web domains and what type of website would be the most attractive to potential customers.
Explain how many and what type of owners (individuals, companies, both) you will have in the company.
Describe the strategy you will use to finance your company.
Think about the type of product or service your company will provide. Answer the following in 175 to 350 words:
Assess whether your product or service will be prone to lawsuits.
Determine what type of tax structure you will have for your company (single, double, other, etc.)
Assess how much capital you will require to grow your business and at what stages you will need it.
Determine 3 long-term goals for the business.
Based on everything you have learned this week, what type of business entity do you think you might form for your company, and why?
Submit your assignment.
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