Ownership for small businesses without employees

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Reference no: EM132258610

1. What is the preferred form of ownership for small businesses WITHOUT employees?

Partnership

Corporation

S-Corporation

Sole Proprietor

2. Part of the attraction of owing your own business is that the demands on you are typically less than that of an employee of a firm.

True

False

3. Service the SBA provides includes all of the following, EXCEPT:

Guaranteed loans for all who apply

SCORE business mentors

Provide referrals to other agencies

Free advice and training

4. What guidance should you take regarding starting your own business?

Have at least three months experience

Get your friends together and take a vote

Strike while the "iron is hot"; if you think it's for you, go for it!

Do it if "you just can't help yourself"

Reference no: EM132258610

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