Start-up Costs

Advertising before the business opens is an operating expense.

• True

• False

Phone service is necessary for every business.

• True

• False

Electricity, water, and waste collection are not Utilities.

• True

• False

Employees should not expect to be paid regularly.

• True

• False

Your business property should be insured.

• True

• False

As a business, you will not have to pay taxes.

• True

• False

As an Entrepreneur, you should not pay yourself.

• True

• False

Site preparation for your business includes, remodeling and repair.

• True

• False

Operating expenses do not incur through a business' daily normal operations.

• True

• False

Professional services are fees required to pay attorneys and consultants.

• True

• False