Examine the various implications of legal elements that might affect your potential business venture in the future. The forms of the legal organizations should be reviewed from the text material along with the critical elements involved with trademarks and patents. Then decide which areas affect your venture the most and why. This is covered in the chapter.
Study: Legal Analysis: examine the current legal forms of organization and intellectual property protection Knowledge: delving into the critical legal elements allow you to prepare greater knowledge on these aspects.
Using the material in the text on Legal Structures for Entrepreneurial Ventures, you should conduct and document a thorough analysis to find the existing strengths and weaknesses in each form in relation to the chosen venture concept. You should then review the critical aspects of trademarks and patents to decide whether they impact their chosen venture concept.
Review Chapter 9 on the advantages and disadvantages of sole proprietorships, partnerships, and corporations. Based on this information, Define all with detail and identify which structural form would work best for your real or fictitious venture.
You should watch Guy Kawasaki video – “don’t write a mission statement, write a mantra.” for the video. Then you should attempt to write the “mantra” for their venture concept. You can write it for their business or your own. Click for source (Links to an external site). Guy Kawasaki e You should examine a famous trademark and explain why it is symbolic of the organization. Why would a trademark be important intellectual property protection for your venture?
