Directions: Be sure to make an electronic copy of your answer before submitting it for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be a minimum of one (1) single-spaced page to a maximum of two (2) pages in length; refer to the “Assignment Format” page for specific format requirements.
Part A: What is a founders’ agreement? Describe the purpose of a buyback clause and why it’s important.
Part B: List and explain four (4) steps entrepreneurs can take to avoid legal disputes.
Part C: List and briefly describe three (3) specific steps that an entrepreneurial organization can take to build a strong ethical culture.
Part D: What is meant by the term “piercing the corporate veil”? How can the corporate veil be pierced?