Need a 200 words minimum response for each with reference by Thursday.

#1 Consider the various forms that a business can take. If you were starting a business, what would it be and what form would it take?

What are the positives and negatives of the business form you have chosen?

#2 Look up the facts involving the recent Volkswagen emissions scandal and indicate what regulations were violated and why. Also, explain what failure in corporate governance occurred in this case.

Text: Legal Environment of Business, Ch. 14: Small Business, General Partnerships, and Limited Partnerships

#3 Define entrepreneurship and describe the types of businesses that an entrepreneur can use to operate a business.

#4 Define sole proprietorship and describe the liability of a sole proprietor.

#5 Define general partnership and describe how general partnerships are formed and operated.

#6 Define limited partnership and describe how limited partnerships are formed and operated.

#7 Explain the tort and contract liability of general and limited partners.

Text: Legal Environment of Business, Ch. 15: Limited Liability Companies, Limited Liability Partnerships, and Special Forms of Business

#8 Define limited liability company (LLC) and describe the benefits of an LLC.

#9 Define limited liability partnership (LLP) and describe the benefits of an LLP.

#10 Define franchise and describe the various forms of franchises.

#11 Define licensing and describe how intellectual property and software are licensed.

#12 Describe special forms of business, such as joint ventures and strategic alliances.