Business Ownership
Business owned by one person
Sole Proprietorship
Document written to outline everything about the business
Business plan
Registered at the _____ clerk office
County
Make it easy to remember
Business name
Amount of money borrowed
Loans
Corporation
Aids in financing small businesses
Small Business Administration (SBA)
May require complying with both state and federal regulations
Licenses & Permits
Unique names which identify internet sites and businesses
Domain names
Former entrepreneurs or executives
Angel Investors
Right / license to sell another company's products at a designated location
Franchise
People who help put money into the business in search of making profit
Investors
____ registration and ____ identification (same word)
Tax
Grant intellectual property rights to inventors
Patent
Can invest either ___ capital or equity capital
Debt
Least common form of business ownership
Partnership
Quicker, easier, and safer to do
Buy a business
T or F: business licenses are required for all businesses
True
Service mark
Trademark
Have enough ____ to start a business
Capital
Most difficult ownership to build
Corporation
T or F: Every business ownership is required to provide and employer identification name
False
Protect the form of expression rather than the subject matter
Copyright
Only ownership that doesn't require employer identification number
Sole proprietorship