Red
When business owners are fully responsible for all debts of the business
What is unlimited liability?
When business owners' personal assets are protected from business debts
What is limited liability?
A business owned by two or more people who share management and profits
What is a general partnership?
A partnership where some partners have limited involvement and liability
What is limited partnership?
A business owned and run by one person
What is a sole proprietorship?
A business owned by two or more people
What is a partnership?
A legal document that outlines how a partnership will operate
What is a partnership agreement?
A special type of corporation for small businesses with tax benefits
What is an S corporation?
A standard corporation that pays corporate taxes
What is a C corporation?
A business structure that combines benefits of corporations and partnerships
What is an (LLC) limited liablity coporation?
A name a business uses that is different from the owner's legal name
What is a fictitious business name?
Another term for a fictitious business name
What is a dba?
Getting ideas or work from many people online
What is crowdsourcing?
Raising money from lots of people in small amounts
What is crowdfunding?
Organized effort to reach a goal like raising money
What is a campaign?
Someone who gives money to support a crowdfunding project
What is a backer?
Gift given to backers for supporting a crowdfunding project
What is a reward?
Website or app used for crowdfunding or other purposes
What is a platform?
Person who starts and runs their own business
What is an entrepreneur?
New idea or invention that improves something
What is innovation?
Proving people want to buy a product or service
What is market validation?
Owning part of a company or business
What is equity?
When do we come back from Spring break?
What is April 22nd?
True or False - Telemarketing is direct marketing.
True or False - Email marketing is a form of digital marketing.
What is True?