Assignment Instructions1. What legal agreements would be needed for the day-to-day management of you

Assignment Instructions1. What legal agreements would be needed for the day-to-day management of your new business venture if you were to start one?2. Why is it important to prepare an exit strategy in a business plan? Develop a formal mock exit strategy that would be in your business plan if you were to start a new business. Research the necessary elements that typically are included in an exit strategy offer.I am looking for well-written, substantive content and research to support your work.Your paper should be at least 1,000 words in length.NOTE: Use credible sources with in-text citation and create a references section. Format your paper in APA 6th guidelines to include a title page.Submission