1. As a sole proprietor, you have a job and a business on the side. In the United States, you report business income on Schedule C, which you include in your annual tax filing. What disadvantages does this arrangement pose, compared to the arrangement of a Subchapter S corporation?

2. Some business ideas include an actual product innovation. Filing for a patent is appropriate in such cases. Explore a possible innovation associated with your own business idea that might be patentable (or discuss your intended innovation, if applicable). What makes it patentable?

3. What do you know about the licensing and zoning requirements of your city? In your answer, consider the process by which you would decide how and whether to obtain a business license, and how and whether to alter your property to make it compatible with zoning standards.

4. Consider the rules regarding racial, ethnic, and gender discrimination in the United States. How do ethnically themed restaurants succeed in legally hiring only people who look Mexican, Chinese, Japanese, and so forth? What will happen as they grow (e.g., open new locations)?

5. Consider your own business idea. Once you start requiring the assistance of others, will it be feasible for you to employ independent contractors, or will you need to hire actual employees? Consider the matter of how much direct Supervision and control you will need to exercise. .