Advantages
Disadvantages
Starting/Owning
Examples
Random
100
Do they have complete control over everything?
yes
100
What is it called when you are at financial risk?
Unlimited personal Liability
100
true or false you have to register with state.
false
100
you can be a ____?
landscaper
100
how do you start a proprietorship company?
you just start it you don't even have to register to the state
200
Do they pay corporate tax payments?
no they dont
200
Unless you give your buniness to someone in your will what happens?.
Your business is dead
200
true or false you need a licenses.
true
200
you can also be a ____________?
catering company
200
You can own a _____ in proprietorship?
Hotel
300
Discretion Do sale transfer take place at the discretion or neglect of the sole proprietor?
Discretion
300
What is a Limited life expectancy?
When your business dies or shuts down
300
the best way to protect yourself is to obtain _____
insurance
300
Do catering companies need to hire more people then normal?
Yes
300
do you have to separate personal finances from the businesses?
Yes always
400
sale or transfer in a sole proprietor?
BOth
400
can you give it to your family?
Yes but it has to be in range of the 1-3rd cousins or children
400
why do you want to separate business from personal finaces
so you can keep track of your money, know if you are makeing/losing money
400
What do cater companys do?
weddings, parties, and church functions and ect.
400
why do you separate the finances?
so you can tell if your making mone or if your losing money
500
Few ______ Business requirements?
Formal
500
Is it bad if you go into limited or unlimited proprietorship? Or Both?
Both
500
why is a sole proprietorship so great?
because of it simplicity and ease of setup. =)
500
which one is better to own on your part?
it would be the landscaper
500
What is the favorite thing you learned from our PowerPoint
Multiple answer The class makes the answers
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