Day 2: L3a

Day 2: Lesson 3a – Knowledge Check

Directions: Go to sba.gov and refer to the start your business in ten steps guide to answer the questions below and then click the Submit button for review and feedback.

Name(required)

Email(required)

Step 1: How do you use market research information? (required)

Step 2: List the nine sections of a traditional business plan. (required)

Step 3: How do you determine the amount of funding you need to start your business? (required)

Step 4: How do you determine the location of your business?(required)

Step 5: Describe the benefits of the LLC and S corp business structures. (required)

Step 6: How do you protect your business name on the federal level? (required)

Step 7: What factors determine how you will need to register your business?(required)

Step 8: Why do businesses need a federal tax identification number?(required)

Step 9: When are businesses required to get a federal license or permit?(required)

Step 10: When should you open a business account?(required)

Day 2: Lesson 3a – Knowledge Check

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