Starting a Business 1
Starting a Business 2
Business Entities 1
Business Entities 2
Business Entities 3/Corporations
100
Voting/Non-Voting or common/preferred
What are classes of stock?
100
The first sale of stock by a private company
What is an IPO
100
an unincorporated business owned by 1 person
What is a sole proprietorship
100
LLC stands for
What is limited liability company
100
Which business entity is just for certain professions?
What is an LLP
200
Means that liability is limited to what one invests
What is limited liability
200
Ownership of a company as indicated by shares
Stock
200
an unincorporated business owned by 2 or more persons
What is a partnership
200
Which is easier to form and maintain, an LLC or an SCorp?
What is an LLC
200
Which business entity is Disney and Microsoft?
What is a C CORP
300
An obligation to pay money, goods, or services to another
What is liability
300

Taxation problem associated with C-Corps

What is double taxation

300
In sole proprietorships and partnerships owners are not shielded from this
What is liability
300

 Common business structure for Real Estate

LLC

300
These people are chosen by the board
What are officers
400

a corporation that does not have more than 35 shareholders (corporation is not publicly trade) section 158 Corporations Code

What is a closely held corporation

400
Anything of value a person/company owns
What are assets
400
The letters, DBA stand for
What is "doing business as"
400
Which business entity takes a tax election to avoid double taxation?
What is an S-Corp
400
Which document gives birth to the corporation?
What is the Articles of Incorporation
500
Not organized as a legal corporation
What is unincorporated
500
California authority that maintains business filings
What is the CA Secretary of State
500
Which government municipality handles fictitious business name requests? (ex- federal government, cities, states, counties)
What is the county (recorder)?
500
Which business entity can have only 100 shareholders?
What is an S-CORP
500
Who elects board members?
Who are the shareholders?
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