IntroductionXYZ Construction Inc. is concerned about the economic and legal factors that could affect the organization, particularly as the company transitions over the coming months from a private company to public ownership, or, initial public offering (IPO). XYZ must be concerned with the legal environment of our company, which is the set of basic rules and laws that surround the general business and industry atmosphere that governs XYZ Construction Inc. This document will describe first the business environment of XYZ. Construction Inc. Next, this article will analyze the legal factors that XYZ will face during this transition, as well as the activities that our employees will need to become familiar with in order for XYZ to remain competitive. Remain within the constraints of the rules and regulations regarding new contracts that our organization will face before; during; and after this significant change to become a public entity.Business environment for XYZ Construction Inc.The horizontal construction industry, on the other hand, is primarily composed of local and state agencies responsible for effectively serving the public and spending public funds . Contracts are typically awarded to the lowest bidder and risks are often avoided due to the potential liability associated with possible failures resulting from the use of new materials, technologies and approaches. " (United States Department of Transportation - Federal Highway Administration, 2005). Although XYZ Construction Inc. is currently a horizontal company, with the rapidly approaching IPO and imminent transition to a public company, it will be necessary to prepare our employees with the skills needed to remain competitive in today's paper environment......a7%40sessionmgr198&vid=1&hid=116&bdata=JnNpdGU9ZWRzLWxpdmU%3d#db=ofs&AN=77345367United States Department of Transportation. United States - Federal Highway Administration (2005). Construction Industry Focus (FHWA-HRT-05-029), 1. Retrieved from www.fhwa.dot.gov: https://www.fhwa.dot.gov. /publications/focus/05aug/02.cfmYiannisK (2013). In StudyMode (Ed.), What is GDP and why is it important? .studymode.com/essays/What-Is-Gdp-And-Why-Is-40525519.htmlBeardsley, S. (2009). Mckinsey Quarterly, 1(1), p90-97. 8 p.m. Retrieved from ebscohost.com website: http://eds.b.ebscohost.com.proxy1.ncu.edu/eds/detail?sid=d7105873-2f7d-4b58-80d8-c7b94d0f5a87%40sessionmgr113&vid=1&hid=116&bdata=JnNpdGU9ZWRzLWxpdmU % 3d#db=bth&AN=36387187