10.11 Discussion Questions
- Distinguish between for-profit and not-for-profit entities.
- What are the distinguishing characteristics of a B corporation?
- Why would an entrepreneur choose to operate an S corporation rather than a C corporation?
- What are the choices of entities for operating as a group of engineers?
- How does a joint venture differ from the other business structures?
- Distinguish between LLC and LLPs.
- Why are there more sole proprietorships than any other business entity in the US?
- What are the general guidelines used to determine where your business must pay sales taxes for sales made online?
- Identify the common types of risks that a business may face.