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Terms Review for ENTR 383

Across
_______ Options. An option given by a company to an employee to buy stock in the company at a discount or at a stated fixed price.
A type of legal document that clearly explains what both parties agree to do (such as buy or sell, or give ownership for advice, or agree not to disclose confidential information).
_____ Proprietorship. It simply refers to a person who owns the business and is personally responsible for its debts.
_________ Model. Method or vehicle used to charge for your product.
9 digit number provided to businesses by the IRS called Employer ________ Number (EIN) or Tax ____________ Number (TIN)
_____________ of Incorporation, or ___________ of Organization. A document or charter that establishes the existence of a corporation in the United States and Canada.
____________ Agreement. A key document used by LLCs because it outlines the business' financial and functional decisions including rules, regulations and provisions.
Cost of ______ (COGs). Costs that are required to produce your product.
Corporate __________. Rules that lay down the internal rules of a corporation.
Minimum _________ Product (MVP)
Down
A legal entity that is separate and distinct from its owners. It can (like a person) buy, sell, own, enter into a contract, and sue other persons and firms, and be sued by them.
Limited _______ Company (LLC). a corporate structure whereby the members of the company are not personally liable for the company's debts or liabilities.
Customer _________ Proposition (CVP)
Giving an Advisor/Founder/Employee more ownership of a company over time if certain goals are accomplished.
___________ Pitch. Quick phrase that explains what your business does.
________ Selling Point (USP)
An estimation of a company's worth.
Ownership percentage in a company.
_______ Capitalist (VC). Type of investor or firm that invests large amounts in companies that are already showing good revenues.
Type of Investor that invests at the early stage of a company