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Wk7 DQ1

Wk7 DQ1

Q 1. What is the legal business structure of the company (sole proprietorship, partnership, corporation, LLC/LLP, and so forth.)? Why was this legal business structure chosen? Does this structure protect the organization from data security and privacy issues? 2. With which city did the company have to file its business license? Provide the website link where one can find the city business license application.

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. In my organization in the biotechnology industry, the legal business structure is that of a partnership. This legal business structure had been chosen for my organization to ensure that the risks of the two partners of our organization would be shared between each other. If my organization would have been a sole proprietorship, there would have been great risk and burden on the shoulders of the business owner. The partnership structure of my organization protects the organization from data security and privacy issues. This is because there are special teams monitored by both the partners to identify whether there is anything unethical going on in the organization or not.