Task 1: Consider a company you would like to start. Answer the following in 175 to 350 words:
- Describe what it would do.
- Identify 3 possible names for the company.
- Determine whether any of the names listed above are available as web domains and what type of website would be the most attractive to potential customers.
- Explain how many and what type of owners (individuals, companies, both) you will have in the company.
- Describe the strategy you will use to finance your company.
Task 2: Think about the type of product or service your company will provide. Answer the following in 175 to 350 words:
- Assess whether your product or service will be prone to lawsuits.
- Determine what type of tax structure you will have for your company (single, double, other, etc.)
- Assess how much capital you will require to grow your business and at what stages you will need it.
- Determine 3 long-term goals for the business.
- Based on everything you have learned this week, what type of business entity do you think you might form for your company, and why?