Instructor Resource
Neck, Entrepreneurship, 1e
SAGE Publishing, 2018
Chapter Exercises and Projects
Chapter 15: Navigating Legal and IP Issues
Chapter Learning Objectives:
2. Explain the most common types of legal structures available to startups.
4. Define IP and how it affects entrepreneurs.
6. Identify the common IP traps experienced by entrepreneurs.
7. Explain the legal requirements of hiring employees.
Proposed Activities
Activity 1: Resources
(This can be done solo or as a team exercise; it can be used for online, face–to-face, or a
blended format)
Explore each of the following resources. What did you learn? How might each be helpful
in the start-up of a business? Maintenance? Dissolution?
Table 15.1
Useful Online Legal Resources
Business.gov
Includes information on a broad range of business and
business law topics, small business guides, governmental
forms and FAQs, and links to state regulations and local
Instructor Resource
Neck, Entrepreneurship, 1e
SAGE Publishing, 2018
IRS.gov/Business
Provides information for various types and sizes of
businesses, including information on small business and
site
relations laws:
D.O.L Office of Small and
Disadvantaged Business
Includes links to a wealth of information and resources
regarding federal and state employment and labor
Securities Laws and
Regulations
Provides information on federal securities laws and
regulations, research guides and tools, special
Learning Objectives:
2. Explain the most common types of legal structures available to startups.
3. Outline the most common legal errors made by startups.
links to all 50 states in such categories as: Doing Business
in the State; Taxation; Employer Links; and other General
information of interest to businesses
Instructor Resource
Neck, Entrepreneurship, 1e
SAGE Publishing, 2018
Activity 2: Legal Structures
(This can be done solo or as a team exercise; it can be used for online, face–to-face, or a
blended format)
What would you use and why?
Learning Objectives:
2. Explain the most common types of legal structures available to startups.
Activity 3 Founder Agreement
(This can be done solo or as a team exercise; it can be used for online, face–to-face, or a
blended format)
Learning Objectives:
2. Explain the most common types of legal structures available to startups.
3. Outline the most common legal errors made by startups.
Instructor Resource
Neck, Entrepreneurship, 1e
SAGE Publishing, 2018
Activity 4: Intellectual Property
(This can be done solo or as a team exercise; it can be used for online, face–to-face, or a
blended format)
What are the four most common forms of IP? How does an entrepreneur potentially use
these to protect their business?
Learning Objectives:
5. Assess the global impact of IP theft.
7. Explain the legal requirements of hiring employees.
Activity 5: Hiring Employees
Compare and contrast hiring an employee versus a contractor. What legal steps are
involved in each?
Learning Objectives:
1. Discuss how legal considerations can add value to entrepreneurial ventures.
3. Outline the most common legal errors made by startups.