Business Structure/Business Plan Assessment

Organize these options into the right categories for the pros and cons of a business plan.

Groups:

(a) Pros

,

(b) Cons

• No guarantees

• False sense of certanity

• Inaccurate

• Let others know you are serious

• Multiple viewpoints

• Glimpse of the future

• Lack of accountability

• Demographics and Marketing

• Funding for line of credit

• Know how to allocate resources

• Restricts Freedom

• Poor implementation

• Too much time on analysis

If you owned your own business, what business structure would you choose?

• Sole Proprietorship

• Corporation

• Partnership

A________________ is a business organization with two or more owners who share the risks and rewards.

A business owned by one person is called a ___________.

A ______is a business owned by many people but treated by law as one person.

The _______is a one -to -three- page overview of the business plan.

The ______explain the type of company you plan to start.

Choose the correct spelling.

• Sole Propietorship

• Soole Propetorship

• Sole Propertorship

• Sole Proprietorship

Choose the correct spelling.​ (a)  

• Limited Parners
• Limted Partners
• Liimited Parttners
• Limited Partners

Choose the correct spelling.​ (a)  

• Board of Diretors
• Boord of Directors
• Board of Directors
• Board of Directorrs