Select any one type of business entity and comeup with a name for it, explain about the business.

1) explain why you selected this type of entity.

2) what type of product or service does your business provide?

3) Describe at least one type of intellectual property coverage ( module 2) that is owned by your business. How does owning this IP give your business an advantage?

Note software is a protected by a type of IP-- software itself is not a type of IP protection.

4) You ask mary to help with the design/development of one of your products or services and you pay her $20 per hour for the design/development work. Later she asks for a share of the profits. Do you owe her a share of the profits ? Who owns the product or services she made a contribution to? How should this have been resolved from the start?