At what point, during the process of starting a firm, does a business need to focus on the business licenses and permits that it needs, and why at that point?
Answer to relevant QuestionsWhy is it important for the founders of a firm to think carefully about the name they pick for their company? 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? Is a limited liability company an appropriate form of ownership for an aggressive entrepreneurial firm, and why might this be so? Complete Jack and Sarah’s list for them, including the issues you think they will place on the list along with their recommendations. Which of the issues do you think will stimulate the most discussion with the attorney, ...What is the purpose of a code of conduct?
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