example" in terms of establishing a
strong ethical culture in a firm.
Explain the importance of having a code
of conduct and an ethics training
program.
Explain the criteria important to selecting
an attorney tor a new firm.
Discuss the importance of a founders’
agreement.
Provide several suggestions for how
entrepreneurial firms can avoid litigation.
Discuss the importance ot nondisclosure
and noncompete agreements.
Provide an overview of the business
licenses and business permits that a
start-up must obtain before it starts
conducting business.
Discuss the differences among sole
proprietorships, partnerships,
corporations, and limited liability
companies.
Explain why most fast-growth
entrepreneurial ventures organize as
corporations or limited liability
companies rather than sole
proprietorships or partnerships.
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