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This project is designed to expose you to the legal concepts that serve as the foundation for the formation of any business. It will require some independent research and inquiry on your part,
outside of the information included in your text book.
1. Assume the following:
a. You want to form a new business in Texas.
b. You are starting this business “de novo”, i.e., from the ground floor up.
2. Identify and describe the business in which you intend to engage, i.e., services firm,
retail, professional activities, etc.
a. What are your strategic objectives?
b. What is your basic business plan?
3. Choose a form of legal organization for your business; i.e., partnership, LLP, LLC,
LLFP, subChapter S Corporation, or C Corporation, etc. (No sole proprietorships.)
a. How does your choice of business form support your business model?
i. List any practical or legal advantages.
ii. List any practical or legal disadvantages.
4. After you establish your choice of legal form, list all the requirements and steps you must
take to establish your business in Texas.
(Hint: There will be Local, State, and Federal considerations and requirements that
must be met.)
5. List and discuss the “intellectual property” issues arising from your business formation.
What interests do you need to protect and how would you do so?
Please answer all of these questions accordingly and where i can understand them and in order please. the Business is a computer repair company. do the research and paper to this topic.