business & marketing Flashcards
1
Q
What type of corporation does not need a board?
A
LLC
2
Q
What is premises liability insurance?
A
Protect you, if someone gets hurt on your business property
3
Q
What is professional liability insurance?
A
Protect you if a client gets injured during a session because of work you are doing
4
Q
What is the difference between gross and net income?
A
Gross income is the total before expenses and net income is the total after expenses. You pay taxes on net income
5
Q
What is an independent contractor?
A
1099
6
Q
What is an EIN?
A
Employer identification number
7
Q
What makes an effective résumé?
A
Relevant, short, easy to read, honest
8
Q
What are 3 to 5 examples of allowable deduction
A
Office supplies, continuing, education, courses, utilities, supplies for the service
