In this project, you will use the fundamentals learned this week to take a busin

In this project, you will use the fundamentals learned this week to take a business into cyberspace. Using your chosen business from Project 1 (during Week 1), you will revise your name and entity choice sections based on feedback from your instructor and then decide what it will take to get that business operating in cyberspace. You will discuss the differences between a brick-and-mortar business and an online business and the necessary requirements for getting your business cyber-ready.
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What You’ll Need
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Your tech kit including laptop
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Internet for research
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Prepare
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Review the slideshows and eBook selections in the reading and viewing assignment section, paying special attention to regulations specific to cyberspace.
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Create
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Prepare a Word document (2-3 pages double-spaced) that discusses the following:
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Identify and describe your business. What is the name of your business? What entity have you chosen to create? What changes did you make from Week 1? What are the steps for creating that entity?
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Next, explain what you will need to get that business ready to operate in cyberspace.
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Explain which aspects of the business will operate differently in cyberspace as compared to a brick-and- mortar business.
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Explain what will be different about the set-up of the business (set-up steps, taxes, insurance, name of business). Why is each one different in cyberspace?
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Explain what additional documents will be needed to run the business online. Why will you need each of those documents?
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List each of the regulations pertaining to cyberlaw that will affect your business. How will they affect your business? What will you do as a business owner to ensure you are in compliance with each one?
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Now that you have your business ideas ready, it may a good idea to seek some legal advice. Search for and choose two possible attorneys or law firms with whom you could consult. List their names and addresses. Explain why you chose them and list the pros and cons of each attorney or firm, ie. cost, location, etc.What documents will you take with you? What questions will you ask the attorney?
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I have attached the file of the business I used, that will be used for this project.