Are You Ready to Start a Business?

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the first step to take when creating a new business?

  • Incorporate or form an LLC using a new business address
  • Check the availability and affordability of your desired business name with a company like GoDaddy (correct)
  • Obtain a business phone number
  • Sign up for a free listing on a site like Manta

Which of the following is NOT a step in creating a complete file for applying for credit accounts?

  • Signing up for a free listing on a site like Manta
  • Creating a business email account using your new domain name
  • Creating a social media account for your business (correct)
  • Obtaining a business address through a business address service

How can you obtain a business address for your new business?

  • By obtaining a business address through a business address service (correct)
  • By creating a business email account using your new domain name
  • By signing up for a free listing on a site like Manta
  • By incorporating or forming an LLC using the new business address

Flashcards

First step in creating a new business?

Verifying if the business name is available and affordable.

Not a step in creating a credit application file?

Creating a social media account is not typically required for applying for credit accounts.

How to obtain a business address?

Acquire it through a business address service.

Study Notes

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

More Like This

Financing New Ventures
10 questions
Exploring New Business Ideas
5 questions
Factors Influencing New Business Ideas
10 questions
Evaluating New Business Ideas
13 questions
Use Quizgecko on...
Browser
Browser