Someone who takes a risk in starting a business to earn a profit.
The process of starting, organizing, managing, and assuming the responsibility for a business.
Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.
An invention or creation that is brand new.
A designed change that increases the usefulness of a product, service, or process.
An independent business with fewer than 500 employees.
Small Business Administration (SBA)
A government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
A written description of the business idea and how it will be carried out, including all major business activities.
The amount of money needed to open the business.
The money needed to pay for the current operating activities of a business.
The money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years.
A business owned and run by just one person.
A business owned and controlled by two or more people who have entered into a written agreement.
A separate legal entity formed by documents filed with your state. It is owned by one or more shareholders and managed by a board of directions.
A written contract granting permission to operate a business to sell products and services in a set way.
A written agreement among all owners detailing the rules and produces that guide ownership and operations.
Articles of incorporation
A written legal document that defines ownership and operating procedures and conditions for the business.