For  your venture, complete the following in business format (this would be a  part of your legal section of the business plan); use APA in-text  citations and reference list.

  • Choose  a business entity for the company after considering liability, tax  effects, the number of owners, and other factors. Explain your choice.
  • Evaluate your liability for federal, state, and local taxes; include your plan for staying legally compliant.
  • The  legal section of the business plan should also include an explanation of  any patents, copyrights, trademarks, trade secrets, and contracts that  will be needed.

Do NOT submit an entire business plan; if you do, ONLY the legal section will be graded.

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