1. ORGANIZING AND FINANCING A NEW VENTURE 1 ENTREPRENEURIAL FINANCE

2.  Sole Proprietorships  Partnerships  General  Limited  Corporations  C corporations  S (or Subchapter S) corporations  Limited Liability Companies (LLCs) 2

3.  Number of Owners and Ease of Startup  Investor Liability  Equity Capital Sources  Firm Life and Liquidity of Ownership  Taxation  See Chart 3

4.  Intellectual Property: a venture’s intangible assets and human capital, including inventions that can be protected from being freely used or copied by others 4

5. There are Four Forms of Protection:  Patents  Trade Secrets  Trademarks  Copyrights  See Chart 5

6.  Financial Bootstrapping minimizing need for financial capital and finding unique ways of financing a new venture  Business Angels wealthy individuals who invest money in fledgling ventures in exchange for the excitement of launching a business and a share in any financial rewards 6