Discuss the pros and cons of borrowing from friends and family for your business venture.

Discuss the pros and cons of borrowing from friends and family for your business venture.

Discuss the pros and cons of borrowing from friends and family for your business venture. Be sure to detail some of the complications of borrowing from “family” as opposed to traditional lending sources such as banks and credit unions.

Discussion 7: Newberry Comics
Research Newbury Comics online. This company operates in multiple states, but started off as a single store in Boston. What were some of the cross-jurisdictional legal issues that arose? How did the company handle complaints about products that were sold? They did not have staff attorneys; as a result they utilized outside counsel on a retainer basis to address such issues as employment law, vendor, customer, and product issues. Discuss what they did wrong and what they could have improved upon.

Discussion 8: Hiring and Labor Practices
Search the internet to identify an organization that has faced legal challenges alleging non-compliance in hiring practices in one or more of the following: Americans with Disabilities Act, Affirmative Action, Age Discrimination, etc. Summarize the issues and current status of the case and discuss how, as a supervisory and hiring authority for the organization, you would have been instrumental in avoiding legal challenges. Cite the URL for the article so students can review.

Discussion 9: Ethics
After viewing the NBC Video: Goldman Sachs Gets Grilled, discuss whether or not Goldman Sachs followed ethical principles for its clients in dealing with the mortgage crisis and economic implications of their actions. When reviewing the Ethical Principles for Entrepreneurs in Figure 12.6 of Chapter 12, determine if Goldman Sachs follow these principles. Which ones did they violate?

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