Week 5 Reading Reflection

1. The biggest surprise for me in this chapter was all the legal jargon. There are so many rules, regulations, and laws that have to be kept up and maintained. If any of them are broken, you are liable to being sued and forced to pay heavy fines. I thought entrepreneurship in general was just a free-flowing, thought-based process that only rarely involved grounded routines.

2. Again, it was the legal jargon throughout the chapter. I'm more of an artistic minded person, and so reading about bankruptcies, corporations, patents, and so on just made my mind swim in confusion. I know the person who wrote the book tried their best to explain what was involved in the chapter, but it still came out as overloaded and complex.

3. Should entrepreneurs know about legal issues? This is to make sure if entrepreneurs should spend that time learning about the law or just hiring someone else to do it for them. Why are there so many rules in the first place? I ask this because it seems that the multitude of rules would inhibit people from starting and leading businesses instead of encouraging them.

4. At this point in the chapter, I don't see anything that I disagree with. If anything, I wish there was more of an easier and clearer understanding of the legal jargon read throughout the chapter. That would have made things easier to digest in my mind.