CASE $7\mathrm{.}1$

$202402$ST

Preparing a Proper Legal Foundation: A Start$-$Up Fable

Bruce R$.$ Barringer, Oklahoma State University

R$.$ Duane Ireland, Texas A&M University

Discussion Questions

$7-39.$ 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, and which issues do you think will stimulate the least?

$7-40.$ What are some of the actions Jack and Sarah took prior to meeting with the attorney that are appropriate for them to have taken?

$7-41.$ Is it too early for Jack and Sarah to begin laying an ethical foundation for their proposed venture? If not, what steps could they take now as a foundation for an ethical culture within their firm?

$7-42.$ What advantages do Jack and Sarah have starting iUser Accessories together rather than one of them starting it as a sole entrepreneur?

$7-43.$ Based on information featured in the case, what chal$-$ lenges do you think Jack and Sarah will have keeping their partnership active?