Nama: Kaawoan, Jenly Miguel

1. Choose a legal structure for your business.

 Jawab: A sole proprietorship is owned by one person who also may be
the sole employee.
A partnership consists of two or more owners who make the decisions
for the business together and share the profits and losses.
A corporation is a legal entity composed of stockholders under a
common name.
A Subchapter S corporation limits the number of stockholders to 100.
It offers most of the limited liability protection of the more common C
corporation, but Subchapter S corporate income is only
taxed once—as the personal income of the owners.
A nonprofit (or not-for-profit) corporation is set up with a specific
mission to improve society. Churches, museums, charitable
foundations, and trade associations are examples of nonprofit
corporations. Nonprofit corporations are tax-exempt.
A limited liability company (LLC) combines the best features of
partnerships and corporations and is an excellent choice for many
small businesses.
2. What are the advantages and disadvantages of a sole proprietorship?
 Jawab: Advantages of a Sole Proprietorship
-Ease of start. A person becomes a sole proprietor—albeit not a
registered, legal one—simply by selling something to someone else.
Simplicity of registration. Proper registration does not require much
paperwork, and it is relatively inexpensive.
- Fewer government regulations. Many regulations exempt sole
proprietorships with few employees.
- Rapid decision making. The owner can make quick decisions and act
without interference from others.
- Greater rights to profits. A sole proprietor is entitled to all the profits
from the business
3. Discover the importance of contracts.
 Jawab:
- A contract is a formal agreement between two or more parties.
- The relationships between the links in a production-distribution chain
are defined by contracts.
- Never sign a contract without having an attorney examine it.
- Never sign a contract that you have not read yourself from top to
bottom.
- A successful contract should:
Avoid misunderstanding.
Assure work.
Assure payment.
Avoid liability
 4. Evaluate ways to protect your intellectual property.
 Jawab:
- Your ideas and creations are your intellectual property.
- Trademarks and service marks protect your brand identity.
- Copyrights protect works of authorship.
- Patents protect invented products and processes
5. Plan to protect your tangible assets and manage risk.
 Jawab:
- Insurance protects people and businesses from the risk of having
property or wealth stolen, lost, or destroyed.
- When buying insurance, choose the policy with the highest
deductible you can afford. This will give you the lowest possible
premium.
- Consider the normal and customary types of business insurance:
workers’ compensation,disability,commercial fleet, property, liability,
business income,errors and omissions, and life. Create and practice a
disaster recovery plan
6. What is the most important contract you will need to operate your business?
Why is it so important? Describe any additional contracts you have or plan to
secure.
 Jawab: A contract is a vital criterion to consider before starting a
company and without one, small or large businesses would fail. For
example, if a person wishes to start a company with his mates, it is
necessary to create a deal with them that specifies
7. What are contracts? Why are they considered the building blocks of business?
What are the things you should consider before drafting and signing a contract?
 Jawab: A business contract is a legally binding agreement between two
or more persons or entities. Contracts can be complex. It is important
that you fully understand the terms of a contract before signing
anything. You are advised to seek legal and professional advice first.
 Lakukan Riset Mengenai Rekan Bisnis. ...
Pastikan Identitas Para Pihak. ...
Cantumkan Prestasi dan Kontraprestasi yang Jelas. ...
Gunakan Bahasa Kontrak yang Jelas. ...
Tuliskan Masa Berlaku & Ketentuan Pengakhiran Kontrak.
8. Explain how a pharmaceutical company can protect its intellectual property.
 Jawab: Paten tidak hanya membantu perusahaan farmasi menutup
investasi, mereka juga dapat bertindak sebagai perisai terhadap klaim
pelanggaran. Perlindungan paten yang kuat dapat melindungi obat dari
potensi pelanggar. Tanpa persetujuan dari pemegang paten,
perusahaan pesaing lainnya tidak dapat menggunakan, membuat, atau
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