Show:
Rules
True or False?
Disadvantages
Facts
Advantages
100
How do you start a sole proprietorship?
Get a license
100
True or false: a sole proprietorship is the most complecated kind of business
False: it is actually the easiest
100
If your business goes under, what can you lose?
your house and other personal things other than thats in your business.
100
How Many business firms are there in the U.S today?
25 million
100
Does sole Proprietorship have taxes.
No taxes
200
You need to file a ________ with the state or county if you are going to use a company name
What is DBA
200
True or false: sole proprietorship is ran by many people with different skizzles
False: it is ran by only one person with very many skizzles
200
Do you have to make all the decisions in you business?
Yes it is a huge responsibility!
200
What is the first step to start a sole proprietorship?
Decide on a business name.
200
Does the Sole Proprietor have complete contorl of the business
Yes
300
Can two people own a sole proprietorship
no
300
True or False: Start up costs are high for sole proprietorship
False: costs are very minimal
300
Will investors invest in you business?
It is highly unlikely because sole proprietors arent that reliable
300
What is the second step on how to start a sole Proprietorship?
Make sure that no one else has the same exact business name
300
How many legal costs are there in froming a sole Proprietorship?
Very little!
400
Who is the best rapper in the wolrd?
Fitty Cent!
400
True or False: the company is passed on when the owner dies
False: the company is pretty much eliminated when the owner dies
400
What is the last step in forming a sole proprietorship?
Get a business license.
500
True or False: The owner may use all profits and losses for the business
True
500
Is fitty cent a sole proprietor?
No hes an entrepaneur and a rapper! DUH!