Question: In module 7 I learned about setting up a company. I learned what form of ownership is best suited for a business based on a
In module I learned about setting up a company. I learned what form of ownership is best suited for a business based on a founders goals. I also was informed on various corporate forms of ownership and how a business is incorporated. Legal considerations for starting a new venture and registering a business with government entitles was also a huge part of this module. There are different forms of doing business. The forms of doing business include sole proprietorship, ccorporation, scorporation, partnership, and LLC To determine the form thats needed depends on the business short and log term needs. Within this lesson there was a business structure comparison gave me examples of characteristics while listing if they are ccorp, scorp, or LLC It gave me a google example of all three forms. Legal agreements that may be required include subscription agreements, purchasesale agreements, confidentiality agreements, licensing agreements, customer agreements, and employment agreements. Setting up a board of directors was the last thing I learned as I was informed on the step by step to finalizing each officers title and responsibilities. Reworded
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