As an entrepreneur, you will be involved in various legal activities like company formation by incorporation, partnership agreements, business contracts with suppliers and distributors, internet domain registration, intellectual property rights, sale of venture etc. Please discuss the importance of these in venture success with examples.
In WK6 DQ1, you have deliberated on general issues in legal aspects to be taken care of by new entrepreneurs. Here in this DQ, please provide details of different forms of venture options, differences between them, legal procedures to be followed for starting business as registered entity without incorporation and also as incorporated organizations, Please discuss the pros and cons of different options.