Discuss importance of contracts and intellectual property

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What can happen to an entrepreneur who is personally liable for the business? How can an entrepreneur protect himself or herself from personal liability? In your response, differentiate among the the legal structures of a small business. Which structure would you recommend to a peer? Discuss the importance of contracts, intellectual property and how to manage risk. Support your positions with course content and outside references.

You must demonstrate not only that you understand the subject matter but also that you can apply what you have learned, analyze it, integrate it with knowledge you already have, and evaluate it critically. Your postings should be appropriate and timely contributions that add value to the discussion. If you post after the due dates, the post will not be counted. You must reply to at least two of your peers to get full credit for the discussion.

Reference no: EM132170865

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