Many who work on medical device projects never really get training in basic business. Those who have business degrees will find this module to be quite elementary, but it is often the case that engineers and scientists never even get this basic material and training on the subject. This is why we cover it here.

To deal with companies it is nice to start from the beginning: what are they? This module talks a lot about that.

For this discussion, think about a medical device company of mid-size with 50 people and $10 million in revenue. What argument would you make to have that company exist as an “Inc.” corporation versus an “LLC”?

If you have other kinds of corporation formats in your country, such as they do in the UK, describe them here and lay out the pros and cons.