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Style:
APA
Subject:
Business & Marketing
Type:
Essay
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English (U.S.)
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Topic:

Legal, Ethical, and Social Responsibility Issues For Entrepreneurs

Essay Instructions:

Your Discussion Post will be preparatory for this week's homework assignment. Start by reading the Week 7 Assignment. Next, take good notes while completing your reading and viewing assignments; found in the Reading & Resources section in this week's content. Then, compile three bullet lists that address the three to five most important:
1. Legal issues an entrepreneur must plan to address before the business is up and running?
2. Ethical issues an entrepreneur must contend while setting up their business?
3. Social responsibilities an entrepreneur must consider while choosing a community to locate in and while hiring employees?
You do not need to explain your list or the priority you put them in, that is what you will do with your Assignment.
INCLUDE REFERENCE

Essay Sample Content Preview:

Legal, Ethical, and Social Responsibility Issues For Entrepreneurs
Student’s Name
Institution
Legal, Ethical, and Social Responsibility Issues For Entrepreneurs
Legal Issues
* Intellectual property rights. Any idea that comes out of one’s cognitive thinking and is capable of being manifested into a product or service is legally protected as Intellectual property (Laverty & Litte, 2020). Entrepreneurs need not only to safeguard their intellectual property but also to be aware of others' IP to avoid any infringement that may evoke legal hurdles.
* Contracts. Entrepreneurs are certain to enter into contractual agreements with others, be it the suppliers, partners, government institutions. The understanding of basic contract terms that may require the interpretation of legal experts becomes vital.
* Conflicts of interest. In a business, there might arise scenarios where one’s interests are not in line with the interest of the business. An entrepreneur needs to note such incidences that may evoke conflict of interests that often have legal ramifications.
Ethical Issues
* Integrity. Entrepreneurs need to adhere to acceptable ethic...
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