BizInnovator Startup - Starting Your Startup

Front

Select the key advantages as they apply to: (Sole) Proprietorship

Back

All decisions made by 1, few restrictions, low startup costs, no add fed. taxes, all profit kept by 1

Front

Select the key advantages as they apply to: General Partnership

Back

Owners can deduct many losses on personal returns; losses share between partners

Front

Key advantages of a Limited Partnership include: Good for raising money; General partners get money but maintain authority; Limited partners can leave any time.

Back

Good for raising money; General partners get money but maintain authority; Limited partners can leave any time.

Front

Select the key advantages as they apply to: C-Corp (default corporation)

Back

Stocks provide funding options; many tax deductions; no shareholder liability

Front

Select the key advantages as they apply to: S-Corp

Back

No corporate taxation; no double taxation, no shareholder liability

Front

Select the key advantages as they apply to: LLC

Back

Protected from liability, easy startup, no add fed. taxes

Front

Select the key advantages as they apply to: Nonprofit

Back

Serve the common good, exempt from taxes

Front

Select the key advantages as they apply to: Co-op

Back

Employees only taxed on income

Front

Key advantages of a Franchise include: Low failure rate, business assistance, buying power, name recognition, potential for large profits.

Back

Low failure rate, business assistance, buying power, name recognition, potential for large profits.

Front

What is the primary purpose of the SWOT Analysis?

Back

To evaluate 4 areas important to a businesses success