Journal Assignment #$2$

Record the following questions and your answers in your entrepreneurship journal.

$1.$ Please answer question $4$ on p$.14$ of the text. Record the question and you answer in your

journal.

$2.$ Select a company name for a fictitious sole proprietorship that you might theoretically start on

your own. Record in journal.

$3.$ Conduct a name availability search. Describe how you did it and what the results were in your

journal.

$4.$ Where would you file this business name? How?

$5.$ What license or permits might you need for this business? Where would you get them?

$6.$ Review the WebSaver case study, which was assigned for week #$2.$ This case examines

several legal issues faced by Samantha Fine, the chief executive officer of NextStep, a software

concern that is found on the Web and planning an initial public offering. Fine has to determine

how to deal with Ann Chen, a co$-$founder who left the company prior to the launch of WebSaver

and who may come forward and claim that she is entitled to a higher percentage of the company

than that which NextStep has given her an option to purchase.

a$.)$ What factors should Fine consider prior to making a decision about Chen?

b$.)$ What, if anything, could Fine have done to ensure that the situation with Chen was

resolved at an earlier time?