Problem 1: What is a founders' agreement? Describe the purpose of a buyback clause and why it's important.
Problem 2: List and explain four (4) steps entrepreneurs can take to avoid legal disputes.
Problem 3: List and briefly describe three (3) specific steps that an entrepreneurial organization can take to build a strong ethical culture.
Problem 4: What is meant by the term "piercing the corporate veil"? How can the corporate veil be pierced?