1. Does a new business need government permission to begin functioning as a business?

2. Explain a "d.b.a.". How many small businesses operate in the United States? What percentage of business is considered "small business" and what percentage of the US businesses are considered "big business?

3. "Certificate of Doing Business" for a Sole Proprietorship to use a trade name in New York. Identify three pieces of information needed for the Certificate to be filed.

4. Check the appearance of an IRS Schedule C. Identify three items that appear on a Schedule C. Identify three pieces of informationrequested by the government about the business reflected in the Schedule C.

5. Identify three pieces of information requested by the government about the business reflected in the Schedule C.

6. Search the internet for an IRS K-1. Identify the purpose of the K-1 as related to the individual partners.

7. Identify three duties owed by one partner to another.

8. Explain how a partnership can be terminated.