12. After brewing small batch homebrews for years, you'ye decided to open a small brewery in Orlando, FL. There are a few people that you haye lined up to help you on your yenture including your spouse who will work the office management side, your best friend who earned their beer and fermented beyerages certification, and an acquaintance that has experience as a bar tender. 'r'ou haye completed your business plan and obtained bank loan funding for all your equipment, the lease of the space including renoyation costs. You plan on offering a small array of barfood like a giant pretzel, grilled cheese, French fries, and nachos. ll'ou currently have 5 I.I'arieties of beer to sell with only enough being produced to same the customers in the bar,' you hope to earn enough in the next few years to start producing take home products like cans, growlers, and selling kegs to other restaurants. The space leased is in a strip mall in Daytona Beach, some store fronts are empty, some are updated with new businesses, and some businesses haye been there for years. It is now considered a transitional area with new inyestments into surrounding neighborhoods with renoyated cottages and bungalows. It has been traditionally a high- crime area until the revitalization efforts. Crime has been reduced but yagrancy, theft, and some drug dealingi_s still occurring occasionally. You can't wait to start your business and were telling Professor Moore about your bunessand she wanted to know if you've thought about the following items [a e}. Please respond and explain with the text materials, after or ifneeded, supplement the response with external sources, and fill in and expand on the facts above as needed to respond to the questions. a. Corporate Form 3; Regulation What type of corporate form will you use for your business? What factors helped you to decide? What types of regulatory bodies govern the business? For example, are there entities that regulate different parts of your business? If so, what are they and what types ofthings do you need to comply with? b. Contracts and Authority What types of contracts your business will use and be dealing with? What is required to create a legally binding contract? c. Negligence and Torts What types of negligence are common to the industry or business (define and describe]? Include any torts that may also be common to this foodj'beyerage industry or might be a potential issue. d. Internet Rules. and Policies Do you have an internet policy for your employees? What about a social media policy? Other considerations in this area? e. Choose Your Dwn Legal Concept Pick a legal conceptdiscussed in the course not mentioned in the previous sections that you think is releyant and importantfor your key managers to know about. Specifically identify the concept, define it, and give specific reasons why the concept is important to the business