liablity insurance | | when you are personally responsible for the debts of the business |
doing business as | | used to create a customer demographic profile |
cash | | helps differentiate you from your competitiors |
franchise | | DBA |
corporation | | Not a benefit of starting your own business |
partnership agreement | | Not required to register your business a a partnership |
liabilities | | the type of insurance to would cover you if a customer had an accident in your store |
liability | | items of value owned by the company |
positioning | | a type of business ownership where you buy the license to use the company's name and sell its products |
executive summary | | this section of the business plan is written last |
corporation | | double taxation, stock, legal red tape |
net worth | | the term that is used to describe the process in which an asset, such as a car, value diminishes over time |
perceived value | | marketing that identifies the people most likely to buy your product |
insolvent | | current and long-term debts of a business |
age | | main advantage of a sole proprietorship |
depreciation | | Social Media Marketing Tool |
assets | | if two more unmarried people own and operate a business, which of the business formats can they Not use |
LLC | | product, price, promotion, place |
sole proprietorship | | when your liabilities are more than your assets, can lead to bankruptcy |
ease of formation | | a type of business structure that is a combination of a corporation and a sole proprietorship |
Twitter | | separation of the person from the business |
unlimited liability | | a type of liquid asset |
target | | the value that the customer places on your service, it is a major component in setting prices |
marketing mix | | equal to your assets minus your liabilities, owner's equity |
attorney | | can for a professional corporation |