Rajit wants to start his own business but is concerned about the personal financial risk
he faces if the business fails. What steps should he take to responsibly start his
business?
Rajit should start an LLC where only the business will be financially responsible, not
him.
Rajit should find a partner who can share the financial burden with him.
He should begin with an initial public offering to generate capital.
He should start a Sole Proprietorship because he can reap all the financial rewards.
Give this one a try later!
Rajit should start an LLC where only the business will be financially
responsible, not him.
A(n) ______ provides full-time employees with an equity stake in the company that often
grows over time.
Cooperative
, Benefit Corporation
Certified B Corp
Employee Stock Ownership Plan (ESOP)
Give this one a try later!
Employee Stock Ownership Plan (ESOP)
Corporate governance structures are expected to maintain high levels of ethics and
integrity as evidenced by the transparency, accountability, and honesty of their board
members actions.
True
False
Give this one a try later!
True
Board members are legally allowed to trade company stock as long as what
condition is met?
Stock information is publicly known.
Government approval is given.
The board member resigns afterwards.
The company is a B corp.
Give this one a try later!
Stock information is publicly known.
he faces if the business fails. What steps should he take to responsibly start his
business?
Rajit should start an LLC where only the business will be financially responsible, not
him.
Rajit should find a partner who can share the financial burden with him.
He should begin with an initial public offering to generate capital.
He should start a Sole Proprietorship because he can reap all the financial rewards.
Give this one a try later!
Rajit should start an LLC where only the business will be financially
responsible, not him.
A(n) ______ provides full-time employees with an equity stake in the company that often
grows over time.
Cooperative
, Benefit Corporation
Certified B Corp
Employee Stock Ownership Plan (ESOP)
Give this one a try later!
Employee Stock Ownership Plan (ESOP)
Corporate governance structures are expected to maintain high levels of ethics and
integrity as evidenced by the transparency, accountability, and honesty of their board
members actions.
True
False
Give this one a try later!
True
Board members are legally allowed to trade company stock as long as what
condition is met?
Stock information is publicly known.
Government approval is given.
The board member resigns afterwards.
The company is a B corp.
Give this one a try later!
Stock information is publicly known.
