Business Finance
Week 4 Discussion Business Law

Question Description

Discussion 1

Please respond to the following:

  • Watch the short video on basic corporate structure and business entities. The video helps explain some of the legal nuances of a corporation and compares the corporation to other types of business entities discussed in the text.
    • Understanding Corporate Structure (1:07)
    • Exploring business entity types | Small business | (10:10)
  • A friend has asked you to help her decide how to protect her soon-to-be-opened bakery from liability, while still maintaining a business structure that fits her needs. Compare and contrast two (2) different possible business entities that would be suitable for her and explain why. Be sure to support your response with legal reasoning.

Discussion 2

Please respond to the following:

  • Review the article / video below, which sets the stage for your discussion response.
    • Did Target ignore data breach warnings? (2:55)


  • Based on the video, did the company presented in the video allow a breach of security based on the laws and ideas discussed in the text? Why or why not? What was done to help remedy the situation, and was it enough based on the legal standard? What legal steps should the company take (or should the company have taken) to avoid personal identity or information from being compromised? Be sure to support your response.

Final Answer


Running Head: BUSINESS LAW


Business Law
Student Name
Institution of Affiliation


Business Law

Discussion 1
Business entity refers to a business, organization, or a company that a person may decide
to set up. A company is made of many different entities. At the top, we have the Board of Directors
which is made up of a mix of shareholders and management thereby ensuring that the interests of
both the shareholders and the management team are protected. After this, we have the CEO (Chief
Executive Officer), the COO (Chief Operations Officer), and the CFO (Chief Financial Officer)
(Free, 2010). Under this, we have the managers and finally the employees. When one is choosing
is opening a business, they have first to decide which business entity best suits them. There are
many different types of busines...

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Cornell University

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