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Prospect H.S. teens learn legal side of owning business

On Wednesday, Dec. 12, five students from the Mount Prospect Chamber of Commerce’s Young Entrepreneurs Academy, hosted at Prospect High School, were introduced to a local attorney to discuss legal needs of small businesses.

Attorney Mark J. Watychowicz, from The Law Office of Mark J. Watychowicz, spoke to the class about what legal issues to consider when starting a small business. Students listened as he explored the legal implications on everything from their business names to its structure and even operations.

The goal of the visit was to discuss the legal concerns an entrepreneur should address before starting their business.

“I enjoy owning and operating my business in Mount Prospect, and hope to share that enthusiasm to inspire the next generation to take the same leaps of faith,” said Watychowicz.

As part of the YEA program, students are introduced to all facets of the business world including, but not limited to, advertising, insurance agents, graphic designers and Web developers. YEA is a Mount Prospect Chamber of Commerce program with major support from the Robert Bosch Tool Corporation and American Chartered Bank.

The Young Entrepreneurs Academy is a groundbreaking educational program that takes high school students through the process of starting and running real businesses over the course of a full academic year. Students work in close cooperation with local leaders of industry, community members and educators to develop ideas and objectives, write business plans, pitch potential investors, obtain funding, register with governmental agencies, develop their brand identity and more. By the end of the class, students own and operate fully functioning businesses that can be carried on after graduation.

YEA’s direct mission is to help students embrace their passion, energy, creativity and talents, launch a venture, and view entrepreneurship as synonymous with success and freedom.

For information about the Young Entrepreneurs Academy, call (585) 272-3535 or visit www.yeausa.org.

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