Business Entity
A business owned by 2 or more people.
What is a partnership
The term "blog" is a shortened or truncation of what phrase
What is a blog
A statement that reports a business's revenues and expenses to determine if a company is making money
What is a profit and loss (P&L) statement
True or False: Tips are non-taxable income
What is False
A document that describes a business's organization, services and products, marketing strategy, management style and financial projections.
What is a business plan
A business owned by one person
What is a sole-proprietorship
A single statement of why a business exists and its core objectives.
What is a mission statement
A report that shows movement of the money within a company during a specified period of time
What is a cash flow report or statment
True or False: Bartering between professionals is non-taxable
What is false
A description of your industry, its current conditions and outlook and its target market.
What is a market analysis
A mixture of partnership and corporation with better tax advantages than a corporation.
What is a Limited Liability Company (LLC)
Activities used to create, communicate, deliver and exchange offerings that have value for customers
What is marketing
What is a Balance Sheet
A brief summary of an individual's education, experiences, and accomplishments related to a particular field
What is a resume
The place in the business plan where additional documentation and other materials are included to support the business plan
What is the appendix
A legal entity granted their own charter by the state in which they operate.
What is a corporation
A specific group of clients such as seniors, pregnant clients, athletes, etc.
What is a target market
A small amount of cash a company keeps on hand for minor expenses
What is petty cash
More than 80% of employers are looking for this on resumes and Curriculum Vitae
What is leadership skills
A briefly stated background of the company, including a mission statement and a brief description of products or services. Known as a sales pitch to the lender to get them interested enough to read the business plan
What is an executive summary
This type of business entity is known for its double taxation
What is a corporation
A bio or about me page
What is a professional profile
15.3% tax levied on a small business owner who derives income directly from consumers
What is self-employment tax
Self-employed individuals or sole-proprietors are typically considered as this
What is an independent contracctor
What is financial projections