Business Ownership #7

If you are a limited partner and you invest $20,000, the most you can lose in the business is

Insurance against the debts & actions of a business

This business entity has "perpetual existence"

This type of business has a difficult time raising capital

Many law & medical firms form these

If you hire employees, one needs to get an

A limited partner in the business cannot be activitely involved in the business

Easiest business form to set up is the

Filing a DBA ensures that the name of the business is the only one in the area

This business entity has no more than 75 shareholders/stockholders

C-Corporation pays taxes on profits & stockholders are taxed on dividends

This is the most common corporate form

Partnerships are inexpensive to create & able to share ideas

This number is assigned by the Dept. of Revenue if you are a vendor or a retailer

Public & mutual benefit would fall under what business type?

This symbol is used when entering a formula in Excel

Dividends are "interest" $ made on stock investments

The law requires that a partnership must have at least one general partner

A legal entity that makes money for reasons other than the owner's profit

A partner in a business whose liability is limited to his/her investment

Dairy Queen is a

When you see half of your words cut off in the Excel cell, then your words have become

EIN stands for

The owner decides how much liability protection he/she needs

DBA is needed when the last names of the partners are not used in naming the business

A C-Corporation is required to have a

To avoid double taxation one should set up a

Partnerships do not have to be shared equally

Nearly 76% of all businesses in the US are

A disadvantage of the C-Corporation is that it subject to triple taxation

Many restaurants are this type of business entity

A partnership can have two or more members

LLC stands for

To dissolve a partnership one should really hire a(n)

Corner Coffer Cup House is a

This type of business entity is popular with foreign investors & family owners

If you are a stockholder, then you own a piece of a comany

Offices high up the ladder at a C-Corporation were known as

DBA stands for

This acts as a charter to establish the existence of your business in your state