Sunday, March 13, 2016

week 9 Reading reflection

What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
I like the fact that a patent is considered an intellectual property right. When I try and explain them to my clients I’m always confused because I actually don’t get them myself except for they are inventions. Saying that they are an intellectual property right make it easier to understand.
Identify at least one part of the reading that was confusing to you.
Limited Liability. I have NEVER understood it. In the text it is under the corporation part but I thought it was a part of the partnership part. I wouldn’t know because I never have understood it anyway.
If you were able to ask two questions to the author, what would you ask? Why
1.       So has all the information on LLC’s I’ve received been wrong? Is an LLC a corporation or not?
2.       Can one person own a corporation by themselves with no other person?
Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

The only way I would know if something is wrong is to have prior knowledge of other facts. The fats I have on the topics discussed are the same as the ones presented.

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