UW Business Forms and Trade Secrets Paper

Rasheeda has designed software for use in microfinance. (Microfinance is the making of small workingcapital loans to low-income individuals.) Her business is a sole proprietorship and has poor cash flow.Rasheeda doesn’t have much experience in marketing software. Based on her conversations with others,Rasheeda believes that she can interest as many as 10 people and businesses around the world to investin her company. Rasheeda also hopes to take the company public one day in an IPO (initial publicoffering). Rasheeda is afraid that, if she sells an ownership interest or interests in the business, peoplewho are more concerned with the bottom line, rather than with the quality of the company’s loans, willcontrol her business, and ultimately adversely affect its long-term viability.Rasheeda is also concerned that employees will sell or use her list of borrowers.What type of business should Rasheeda form? How can she protect herself from current and formeremployees selling or using her list of borrowers?