Business Models
This is an outline Entrepreneurs create to present and explain their business idea to investors
What is a Business Model?
Owners have limited liability & are not held directly accountable for the company's losses.
What is a Limited Liability Company (LLC)?
Agreement defines the terms and responsibilities in a partnership.
What is a Partnership Agreement?
A group of individual who represent stockholders & make high-level policy & mgt decisions for a corporation.
What is Board of Directors
A type of business owned & managed by members of a group who benefit from services the business provides.
What is a Cooperative (Co-op)?
An advantage of a partnership type of business model is.
What is easy to start up? What is easy to expand? What is hiring more skilled workers?
A business owned by stockholders who share in profits & losses
What is a Corporation?
Is one type of organization that is exempt from paying taxes and relies on donations
What is a non-profit organization?
What is selling stocks or shares?
A share in ownership and a claim to a portion of a corporation’s profits
What is Stock?
An agreement where another business owner can use a company's name and business model.
What is a Franchise Model?
A form of business owned by 2 or more individuals who share management & profits.
What is a Partnership?
A business owned and operated by a single individual
What is a Sole Proprietorship?
A portion of a company's earnings distributed to shareholders
What is a Dividend?
Companies that are created to benefit a public interest.
What is a Not-For-Profit Business?
This type of business model goes public and offer shares of stocks to consumers
What is a Corporation?
Organization that generates income for its owners
What is For-Profit Business?
Gives the owners full control over business decisions regarding the company.
What is General Partnership?
A corporation that requires its owners to file their profits & losses on their personal tax returns.
What is an S-Corporation?
Customers pay an up-front cost for a good or service.
What is a Subscription?
List the 3 common business models
What is Sole Proprietorship, Partnership, and Corporations?
This is a type of partnership that limits the amount of liability that owners of this business model have.
What is a Limited Partnership?
This agency helps small business owners by providing resources and education links to learn how to open a business.
What is the Small Business Administration?
Type of business ownership that involves the collecting of small investments from a large number of individuals.
What is Crowdfunding?
This type of document protects an individuals company design
What is a trademark?