Legal Setup
What is the name of a business structure that protects owners from personal liability?
What is an LLC
"I'm Lovin' It"
McDonald's
What is the money you put in to start your business called?
What is startup capital
What is the name or symbol that represents your business?
What is a brand
How many continents are there?
What is seven
What document describes how an LLC will be run?
What is an Operating Agreement
"Just Do It"
Nike
When business expenses remain constant and do not change with the level of production or sales volume, it is called what?
What is a fixed cost
Who are the people you want to buy your product or service called?
What is your target market
What is the largest planet in our solar system?
What is Jupiter
What is the nine-digit number you get from the IRS for your business?
What is an EIN
"Think Different"
Apple
What is money you borrow that you have to pay back with interest?
What is a loan
What is a short phrase that describes what makes your business special?
What is a tagline (or slogan)
In what year did the Titanic sink?
What is 1912
A sole proprietorship is easier to set up, but the owner has unlimited what?
What is personal liability
"The Happiest Place on Earth"
Dinseyland
Keeping separate bank accounts for personal and business money is called what?
What is separating finances
What is the cost you charge customers for your product or service?
What is pricing
How many strings does a standard guitar have?
What is six
In what business structure is the owner personally responsible for all debts?
What is a sole proprietorship
"Dog tested, Dog approved"
Subaru
What financial paper shows if your business made money or lost money?
What is an income statement
What are the ways you tell people about your business and its products?
What is advertising (or marketing)
What is the smallest country in the world?
What is Vatican City