Expected Costs To Start Your Business

Businesses are not required to pay NIB taxes.

• True

• False

Phone service is necessary for every business.

• True

• False

Electricity, water, and waste collection are not utilities.

• True

• False

Employees should not expect to be paid regularly.

• True

• False

Your business property should be insured.

• True

• False

As a business, you will not have to pay taxes.

• True

• False

You should try to pay yourself a salary as an entrepreneur.

• True

• False

Site preparation for your business can possibly include remodeling and repairs.

• True

• False

Operating expenses are incurred through daily business operations.

• True

• False

Professional services are fees required to pay attorneys, consultants, and telephone service providers.

• True

• False