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Session 5: Business organization

Session Quiz

  1. A sole proprietor is not personally liable for the obligations of his or her business.
    2.

  2. In which of the following forms of organization can you deduct health insurance premiums as a business expense?

  3. Pre-employment screening is of greatest importance when you're starting out.

  4. My brother-in-law and I want to start a small vacuum cleaner repair shop as partners. We want to keep our investment cost down. We should organize:

  5. As a business owner, it is possible to put part of my company earnings into a tax-free retirement plan for myself.

  6. A good reason to consider starting a business with a partner is:

  7. It is a good idea to prepare your own payroll checks when you start.

  8. Intellectual Property refers to:

  9. The lease document for your new office or store should be reviewed by your:

  10. A partnership buy-sell agreement is usually funded by:

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spacer Deciding on a business | The business plan | Home based businesses | Financing the business | Business organization | Licenses and permits | Business insurance | Communication tools | Buying a business or franchise | Location and leasing | Accounting and cash flow | E-Commerce | Opening and marketing | Managing employees | Expanding and handling problems

Getting financial controls in place | Getting your team in place | Customer feedback | Achieving lowest expenses | Develop negotiating skills | Alternatives for capital allocation | E-commerce | Growth by duplication | Vertical integration | Franchising your business | Global expansion | Buying businesses | Public ownership | Selling your business | Considerations for family succession

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