Exam 43: Law for Small Business

Ben owns Copyshop and wants to sell Copyshop franchises throughout the United States.In doing so,Ben wants to prevent competitors from imitating the distinctive Copyshop logo and thereby misleading consum?ers.How can Ben protect the logo?

Business networks do not help to identify a knowledgeable attorney.

Philo wants to start a new business enterprise.Because it is difficult,if not impossible,to keep up with the many legal rules that govern business conduct,Philo most likely needs to consult

Jess and Kaley own and operate Little Tykes,a small-business enterprise.Little Tykes pays taxes on its profits,and Jess and Kaley pay taxes on the profits that are afterwards distributed to them.Little Tykes is

An attorney may be helpful when a business negotiates a franchise agreement.

Corporate bylaws are the company's governing rules.

Demi operates Eyes Wide Open,a small-business optician enterprise.To raise capital,Demi contacts Foster,a venture capitalist.Besides capital,Foster will most likely

Standard-form contracts are available on the Internet,but they should be adapted to the specific circumstances of a transaction.

To incorporate,you must first choose a corporate name and file it with the appropriate state office.

A member of a limited liability company must be a natural person.

Finn wants to incorporate his game store as GameZ,Inc.,and files the name with the Idaho secretary of state.Filing will protect the name

Federal immigration laws do not require verifying whether workers are U.S.citizens or are otherwise authorized to work in this country.

There are no benefits to establishing a more formal business arrangement than a sole proprietorship.

Max wants to open Max's Medical Equipment Supply with the assistance of an attorney.To find an attorney,Max should most likely

Factors to consider when choosing a business form include continuity of life.

Promises made to an employee in a contract or a handbook may prevent an employer from firing the employee without fulfilling the promise.

Bemis is forming Cool Air Company to make and sell a device that removes the heat from working kitchens and other hot rooms.In exchange for legal services to Bemis and his new firm at the start-up stage,an attorney is not likely to accept

Klee wants to make and sell a computer operating system under a trade?mark.To obtain the most protection under the law,Klee should choose a mark that is

Reb wants to start a new business enterprise.Shari is an accountant.Reb most likely needs to consult Shari because

If a new company has only two owners,they do not need a shareholder agreement that defines their relative ownership rights and interests.