Entrepreneurs make numerous business decisions every day, many of which have significant legal implications. Due to a lack of time and knowledge, but these entrepreneurs often make quick decisions on important matters, current and future based on a few key factors that costs. Entrepreneurs seem to make decisions based on concrete, but often inappropriate, factors such as comparison of the bottom-line dollar value or relatively low fees, in this scenario, sh … Read more »

Entrepreneurs make numerous business decisions every day, many of which have significant legal implications. Due to a lack of time and knowledge, but these entrepreneurs often make quick decisions on important matters, current and future based on a few key factors that costs. Entrepreneurs seem to make decisions based on concrete, but often inappropriate, factors such as comparison of the bottom-line dollar value or relatively low fees, in this scenario, short-term decisions are made that do not take into account complex legal and policy implications that arise road. As such, we would suggest a different approach, the time to learn from the business and understand the impact of these decisions on the long-term sustainability, liability protection, and to take the growth potential. Here we discuss how to compare the costs and make decisions that will affect the three questions with legal implications that occur in the early start-up process, and provide important implications for the entrepreneur if he or she does with properly deal with them. To this end, we propose some solutions to prevent this.
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from
Tanya M. Marcum,
Eden P. Blair
Source: Business Horizons
10 pages.
Release Date: 15, March 2011. Prod #: BH425-PDF-ENG
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