Here is our final project for our students this semester.
Part I: What is your favorite privately-owned firm doing business in the United States today, and why? (In other words, if you could be the CEO of any privately-owned firm in the U.S., which one would it be?) In the alternative, if you could start up your own business firm from scratch, what would it be?
Part II: Address the following questions:
A. Choice of Business Entity. From a legal perspective, what type of business entity is your firm; e.g. is it a “sole proprietorship”, a “partnership”, an “LLC”, or a “corporation”? What are the main advantages or disadvantages of this form of ownership?
B. Contracts. What is the most important contract or contractual relationship your firm has entered into? Who is the other party to the contract? Do you expect both parties to honor the contract?
C. Intellectual Property. What is the single-most valuable type of intellectual property that your firm owns? How did your firm acquire the legal rights to this intellectual property?
D. Litigation. What is the most important lawsuit (or potential lawsuit) your firm is currently facing today? Is your firm the “plaintiff” or the “defendant” in this case? And if this case were to go to court today, which side is most likely to win and why?
E. Ethics. What is your firm’s ethical culture like?
F. Picture or Diagram. Lastly, please include in the body of your paper (or video) at least one diagram, picture, or cartoon that illustrates or otherwise elucidates any one of your answers to the questions in Part II.