C28 - Small Entrepreneur & Economic Development Clinic at the University of Akron
Q.1
According to Director, Gary Spring, what is the goal of the Small Entrepreneur and Economic Development (SEED) Clinic?
To provide low cost legal service to startups
To provide startup dollars to new companies
To provide real world experience to upper level law students
Both a & c
Q.2
Mr. Spring described the requirements that a startup companies needs to utilize SEED. Which of the following is not one of those requirements?
The company needs to be in operation less than five years
The company needs to be in operation more than five years
Most recent annualized gross revenues are less than $100,00
The company is unable to afford an attorney
Q.3
According to Mr. Spring, which of the following is a function of SEED?
Establishment of LLC and corporations
Assist with leases and contracts
Help non-profits obtain tax exempt status
All of the above
Q.4
Mr. Spring discussed “FLIC”. Which of the following is not a component of “FLIC”
Funding
Liability
Intellectual property
Contracts
Q.5
According to Annal Vyas, Lehner Entrepreneurial Fellow, which of the following is a specialty service of SEED?
Counseling LLC’s only
Counseling internet startups
Counseling corporations
Both b and c