Question 1 (6 points) Jen is a 4th year student who has been a varsity soccer player throughout her time at Queen's. Truth be told, she loves soccer far more than her studies in Biology, and she would very much like to fashion a career out of the sport. While at Queen's, Jen has volunteered with a local soccer club and has run training sessions for young players three nights a week. Armed with knowledge of sport science, as well as innate soccer skill and an excellent rapport with kids, Jen would like to open a \"soccer academy\" for soccer-playing kids of all ages. She believes Kingston to be too small to support such a business and has decided to open her academy business in her native Ottawa. While she doesn't see this as a capital intensive business, she will need some money for equipment and, at least initially until revenue comes in, money to rent out gyms and indoor/outdoor soccer fields. Brent, the father of one Kingston's most promising young soccer stars and a girl Jen has trained has offered to provide some financial help to Jen: as he puts it, \"I'd like to partner with you on this venture, since I know I'll need to bring my daughter to Ottawa for further training." Let's assume that Jen is prepared to accept Brent's money. He mentions that he'd like to \"partner\" with Jen. Take Jen's point of view. Give two (2) reasons why forming a partnership with Brent to run this venture is a good idea, and two (2) reasons why it is not a good idea. Ultimately do you think Jen forming a partnership with Brent in which to run the academy is a good idea? What one (1) point leads you to that conclusion? Paragraph Question 2 (1 point) Assuming Jen accepts Brent's investment, and decides NOT to incorporate the soccer academy, what business structure(s) is(are) possible for her to use for her business? 0 a) A partnership if Brent's money is used to acquire business assets and if Brent is to be involved in running the academy. O b) A sole proprietorship if she wants full control of the business she can accept Brent's money as a loan. O c) Either (a) or (b) Q d) Neither (a) or (b) this is actually an example of a joint venture where Brent provides the money and Jen runs the business. Question 3 (1 point) Jen has been thinking about the answers you gave to question 1 above and now is considering incorporating her soccer academy business. In order to go through the incorporation process, what is something she should first consider? 0 a) What soccer fields she'd like to rent in order to operate her training sessions for the business. 0 b) What name, if any, she'd like to give her company. 0 c) Whether or not she'd like to buy insurance for her business. 0 d) All of the above are necessary to be determined before incorporating. Question 4 (1 point) Jen wants to confirm something before she incorporates her business. Given that her business model involves both children and physical activity, there is a good chance one of her clients may get hurt; she's heard that corporations \"limit liability\". But she's not sure what that means specifically. Jen wonders what does that concept mean if a client gets hurt while participating in her soccer academy? O a) If the client (or his/her parent) successfully sues the business, as director Jen herself could be personally liable for paying damages to the client, but an investor like Brent would not be personally liable. O b) That client (or his/her parent) can't sue the business. 0 c) If the client (or his/her parent) successfully sues the business, Jen herself as owner (shareholder) cannot be personally liable for paying damages to the client. 0 d) That Jen can only limit her personally liability by declaring the corporation a \"limited liability partnership\". Question 5 (6 points) Jen decides to incorporate Jen's Soccer Academy Inc. under the CBCA. She agrees to accept Brent's money, but she wants complete control of the operation of the business. Brent is perfectly happy letting Jen run the operations, but he wants to have some level of control. In short answer form, please explain: i. who should be the director(s) of the corporation (and why); ii. who should be the shareholders of the corporation; and iii. what types of shares each shareholder should be issued. Paragraph Question 10 (2 points) Jen decides to call her new soccer training school \"Jen's Soccer Academy\". Considering what you now know about intellectual property law, state whether you think this is a good name or not, and briefly explain why or why not. Paragraph