Which of the Following Statements Is True Regarding Business Angels

question 22

Multiple Choice

Which of the following statements is true regarding business angels?

• A)Individual angels are publicly known and hence easy to find.
• B)Individual angels typically invest between $50,000 to $100,000.
• C)Individual angels may invest remotely via syndicate.
• D)The reporting requirements of individual angels are usually formal and are set by an angel fund.

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Definitions:

Joint Proprietorship

A business ownership structure where two or more individuals share the ownership, responsibilities, and liabilities of the business.

Partnership

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Income Tax Return

A document filed with tax authorities detailing income earned, tax deductions taken, and taxes owed for the year.

Entity

Any organization, institution, or being that has a distinct existence, legally recognized as capable of rights and duties.