Business structures

A person is personally and solely responsible for the debts of a business.

• Parnters

• Sole Proprietership

• LLC

• C-Corp

A Business plan should contain short- and long-term goals.

• Yes

• No

• Sometimes

• It depends

Business ownership type can change over time

• Yes

• No

• Only to a LLC

• Only From an LLC

wage garnishment is legal in Arkansas

• Yes

• No

• Only for men

• Only in Little Rock and Conway

In Arkansas the rate overtime rate for hourly workers is

• 2.0

• 1.5

• 1.25

• 1.0

Someone who creates their own business.

• Partner

• Employee

• Entrepreneur

• Manager

As far as minimum wage is concerned, who has the final say?

• State Goverment

• Local Goverment

• National Goverment

• Who ever's rate is the highest

The Majority of entrepreneurship become profitable

• Before 6 months

• Between 1 and 2 years

• Between 2 and 3 years

• After 5 years

This type of business is a separate legal entity and can be taxed

• Corporation

• Partnership

•   Sole proprietorship

• None of the above

1. Entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons

• Fair Labor Standards Act

• Family and Medical leave act

• Occupational Safety and Health act

• The Equal Employment Opportunity Commission