| liablity insurance | | when you are personally responsible for the debts of the business |
| doing business as | | used to create a customer demographic profile |
| cash | | helps differentiate you from your competitiors |
| franchise | | DBA |
| corporation | | Not a benefit of starting your own business |
| partnership agreement | | Not required to register your business a a partnership |
| liabilities | | the type of insurance to would cover you if a customer had an accident in your store |
| liability | | items of value owned by the company |
| positioning | | a type of business ownership where you buy the license to use the company's name and sell its products |
| executive summary | | this section of the business plan is written last |
| corporation | | double taxation, stock, legal red tape |
| net worth | | the term that is used to describe the process in which an asset, such as a car, value diminishes over time |
| perceived value | | marketing that identifies the people most likely to buy your product |
| insolvent | | current and long-term debts of a business |
| age | | main advantage of a sole proprietorship |
| depreciation | | Social Media Marketing Tool |
| assets | | if two more unmarried people own and operate a business, which of the business formats can they Not use |
| LLC | | product, price, promotion, place |
| sole proprietorship | | when your liabilities are more than your assets, can lead to bankruptcy |
| ease of formation | | a type of business structure that is a combination of a corporation and a sole proprietorship |
| Twitter | | separation of the person from the business |
| unlimited liability | | a type of liquid asset |
| target | | the value that the customer places on your service, it is a major component in setting prices |
| marketing mix | | equal to your assets minus your liabilities, owner's equity |
| attorney | | can for a professional corporation |