All University policies and procedures apply to students participating in the Student Entrepreneurial Program. In addition, the following guidelines are in place to ensure that student entrepreneurs work effectively with the University.

• Student businesses may not sell a product or service that directly competes with an existing contract between the University and an outside contractor. Example: Bon Appetit has an exclusive agreement to provide food service for the University. The Campus Bookstore also has some exclusive rights to certain services including, but not limited to, the sale of new and used textbooks.
  
  
• Student businesses operating from one of the seven storefronts on the South 40 must sign a lease agreement with the University, pay monthly rent and provide proof of insurance.
  
  
• Websites, advertisements and promotional items used in conjunction with the student businesses may not use the Washington University in St. Louis name or official logo without permission from The Office of Public Affairs.
  
  
• The storefronts are to be used for business purposes only. Misuse of space will be referred to the Judicial Administrator, and businesses will be in jeopardy of losing their StEP status.
  
  
• All businesses with a storefront must post and follow regular hours of operation. In addition, businesses must post on the storefront a contact phone number and email address.
  
  
• All mailings using University-provided student information must be approved by the StEP Advisor. Mailing labels will be provided free of charge to businesses by the Office of Student Records. Entrepreneurs are fully responsible for the cost of mailings.
  
  
• Student entrepreneurs and their associates are expected to conduct their businesses in a professional manner. All interactions with parents, students, staff, faculty and fellow StEP business owners should exemplify the highest level of integrity and professionalism.
  
  
• The business must be owned and operated exclusively by current Washington University undergraduate students, and at the time of their graduation from the University, the business or a graduate's share of the business must be sold to other students or the business will be dissolved. All transactions must be completed by December 31st for fall graduates or May 31st for spring graduates.