Week 5 Reading Reflection

What I found interesting about this chapter was things about the trade secrets. I was not aware that trade secrets were protected, because I assumed that if someone told you how it was done it was their secret to tell and not something that needed to be protected by law. But as I read more about it I realized that it is essentially like having a patented recipe or software of some type, its all protected because it gives one firm advantage over another firm.

Also I knew about sole proprietorship, partnership and corporations and the different liabilities each one of them faces. What confused me way anyone would chose a corporation when a partnership seems to have to potential to grow much larger and stronger then a corporation. Unless of course they lack funding in which case selling stocks is the only way to raise some but by doing so they are basically selling away a part of their company and make it more open to a possible takeover.

Questions to the Author: 

• Is there a way to get a round a trademark? 
• Does unlimited liability mean that stock holders only lose what they invested? Or that CE only lose their part because it is their fault?