Shaun Dexter Is An Industrious Eighteen-Year-Old High School Senior

THE TEEN ENTREPRENEUR PROJECT 2: THE COMPANY DESCRIPTION

Name: Date: THE COMPANY DESCRIPTION WORKSHEET

1. CREATING POTENTIAL BUSINESS NAMES

Instructions: Using the table provided below, type five potential names for your new business. Rank each name in order of 1 – 5, where 1 is your favorite and 5 is your least favorite name. Before filling in the table below, research the availability of each name using the United States Patent and Trademark Office Web site (http://www.uspto.gov). On the site, click on “Trademarks” and type in each business name you are considering. If the name is not in use, enter it below.

Potential Business Names Rank

2. DECIDING ON A BUSINESS NAME

Instructions: Present the list of potential business names you entered above to a variety of people including your classmates, instructors, friends, and family. Ask each person to rank the business names in order from favorite to least favorite. Record the results of your survey.

Based on the results of your survey and your own personal preference, choose your business name. Type the name of your business in the space provided below.

The name of my business is:

1 Ó Business Education Publishing THE TEEN ENTREPRENEUR PROJECT 2: THE COMPANY DESCRIPTION

3. COMPLETING THE COMPANY DESCRIPTION

Instructions: Answer the following questions using complete sentences. Type your answers below each question.

I. What is the legal name of your company?

II. Write a brief summary about your business.

III. What legal form of ownership have you chosen for your business?

IV. What NAICS (North American Industry Classification System) code applies to your business? Refer to the North American Industry Classification System (NAICS) Web site (http://www.naics.com) for assistance in answering this question.

V. Where is your business located?

Is your business location in accordance with all area zoning regulations? Refer to the local zoning board in your community for more information.

VI. What year was your business originally formed?

VII. What is the primary function of your business?

VIII. How many employees will be working for the company? Who are they and what will their job titles be?

IX. Who (if anyone) will be advising you on legal, insurance, and accounting requirements?

2 Ó Business Education Publishing