Starting a Business Assignment Example | Topics and Well Written Essays - 500 words

Starting a Business - Assignment Example Since the biotechnology firm will be involved in the manufacturing and selling of cancer drugs, it will also be subject to the regulation by the National Cancer Institute (NCI). The NCI falls under the National Institutes of Health (an agency within the United States Department of Health and Human Services). It is tasked with the responsibility of coordinating the national cancer program, conducting and supporting research activities on cancer and dissemination of information regarding causes, diagnosis, prevention and treatment of the disease (Lusk, 2009). The web design business amongst will be regulated by the Federal Trade Commission amongst other agencies. This commission is responsible for enforcing federal consumer protection laws. It does this through carrying out investigations on consumer complaints against the companies in question and taking the necessary actions where appropriate (Lusk, 2009). There are several laws that will govern the setting up and running of the three kinds of business. For the pizza delivery business and the biotechnology firm, the laws that will govern the running of their activities (such as the Public Health Service Act) will mostly be aimed at protecting the consumers of the products of these businesses from purchasing and consuming harmful products that might be detrimental to their health such as contaminated food or poisonous drugs that instead of curing ailments, they only makes them worse. For the case of the web design business, the law that deals with this type of business is the Intellectual Property Law. This branch of law deals with the creation of intellectual property trademarks, patents and copyright (Burrow, 2003). There are several legal steps that one will have to encounter before setting up each of the three businesses mentioned. The first step will be to determine the