5.1 Discussion
Locate your state’s Secretary of State home page on the Internet. Find information on forming LLCs. Answer the following questions and discuss your findings with your classmates.
1. What state did you research?
2. Discuss reasons why you would or would not use the services of an attorney to assist you in submitting your application.
5.2 Discussion
If a start-up entrepreneur lacks certain competencies such as understanding cash flow or not knowing how to use social media marketing techniques, using the BRIE Checklist (Katz & Green, p. 14), discuss at least three strategies the start-up entrepreneur could use to compensate for his or her deficiencies. You may also want to refer to Skill Module 2.2.
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