U.S. Courts
What are three separate branches of government?
Executive, Legislative, and Judicial branches
What are 2 advantages of being a Sole Proprietor as a business?
Advantages: Easy to start and DOES NOT require you to file with state.
What legally protect the business by preventing the unauthorized use of its name, logos, and other distinctive symbols?
Trademark
Who are the two principles at Clarenceville High School?
Noonan and Blevins
In Finding Nemo, what kind of fish is Nemo?
Clownfish
What law was created from the mind, including inventions, ideas, designs, and literary and artistic works?
Intellectual Property Law?
What is 1 disadvantage of being a S-Corporation?
Disadvantages: Have fewer than 100 shareholders, domestic business in the U.S. only, U.S. Citizen or legal resident.
What is often referred to as a “Tax ID” and is like a SOCIAL SECURITY NUMBER FOR A BUSINESS.
Employer Identification Number (EIN)
Name 6 girl sports at Clarenceville HS?
Sideline Cheer, Volleyball, Basketball, Wrestling, Bowling, Competitive Cheer, Soccer, Softball, Track and Field.
Which rapper released the album Astroworld?
Travis Scott
What are the Functions of the Legislative Branch?
When it comes to a Corporation what is the taxation policy that is bad?
DOUBLE TAXATION - PAYS TAXES ON MONEY TWICE
What document you must file with the state when you form a corporation?
Articles of Corporation
What is the most-streamed song of all time on Spotify.
"Blinding Lights" by The Weeknd
What team won the NBA Championship in 2020?
Los Angeles Lakers
What are the 3 levels of government?
Federal, State and Local governments.
What outlines the rights, responsibilities and obligations of each partner.
Partnership Agreement
What is the government regulatory agency responsible for policing the U.S. financial markets.
SEC or Securities Exchange Commission
What year was the Clarenceville School District formed?
Established 1837.
Name the 5 great lakes of michigan?
Superior, Huron, Erie, Michigan and Ontario
What is a legal venue that reviews cases for legal errors - INSTANT REPLAY IN SPORTS?
Appellate Courts
What happens to the taxes when you have an LLC?
Pass the taxes through to the company file and NOT PERSONAL FILE.
Name at least 4 steps when you establish a Corporation?
A. Choose a Business Name.
B. Set up an Articles of Corporation
C. Set up Bylaws
D. Obtain necessary permits and licenses.
E. Apply for federal EIN.
F. Set up business bank account.
G. Trademark name if applicable.
Who has the most subscribers on YouTube with 361 million.
MrBeast's real name is Jimmy Donaldson.
What is the Michigan state stone?
Petoskey stone