It is generally accepted that Laws specify "minimum" ethics. Do you agree? Explain with examples? Laws differ from state to state. How would you go about ensuring your startup was legally set up?
Under what conditions, if any, would you choose sole proprietorship over a corporation? If you choose the sole proprietorship option, then how would you protect against personal liabilities incurred from “bad” business decisions or conditions?Why are tax implications a key determining factor when selecting a legal form of business ownership?