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