Week 5 Reading Reflection

1. The biggest surprise for me was the cost and time it takes to receive a patent. I was not expecting a patent to cost such a large amount of money while at the same time taking a very long time to process. I had often heard the term patent pending but I did not realize the extent for which it takes for a patent to pass. 
2. I am still confused on what exactly an S corporation is and how the corporation is different from other corporations
3. I would ask approximately how new are L3C corporations? I would also ask what allows for a company to get an Adjustment for Debts instead of filing for bankruptcy?
4. Most of this information is information that I am seeing for the first time. Because of this I do not have enough prior knowledge to counter that the author was wrong about a certain statement.