Question: 1. Explain whether your business does or does not have a first-mover advantage, and Why. How can your business avoid double taxation? How can your

1. Explain whether your business does or does not have a first-mover advantage, and Why. How can your business avoid double taxation? How can your business eliminate unlimited liability exposure?

  1. Which of the following do investors typically choose to fund? (1) a super great business idea run by a mediocre team of co-founders? Or (2) a mediocre idea run by a super great team of co-founders? 7a. Why?

Explain what unlimited liability means to a new business.

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