Assignment: Small Business Legal Requirements
1. Determine the capital requirements for the proposed/identified New Venture eg: (rent/purchase facility (building, space etc), equipment, machinery, furniture, supplies, salary and wages, start-up/pre-operating costs, etc), say how and where these will be sourced and procurement procedures.
2. Describe the legal liabilities that the proposed/identified New Ventures is exposed to:
a. Legal requirements for New Ventures eg. registration of business name, opening business bank account, arrangements for rent/lease facility or equipment, employment contracts business name, bank account, rent/lease facility or equipment, employment contracts etc.
b. Legal advice for New Ventures in order to operate legally in Turks and Caicos: for start-up activities, contracts, intellectual property, patent, copyright, hiring of employees, tax benefit, lawsuits by employees, breaches of local laws/regulations, licenses, intellectual property infringements, rental or lease agreement, etc.
Format your assignment according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.