Questions: 13 of 14 How many of the 10 steps deal with government regulation as listed by the SBA for starting a business? Four. One. Two. Three.

13 of 14 How many of the 10 steps deal with government regulation as listed by the SBA for starting a business? Four. One. Two. Three.
Transcript text: 13 of 14 How many of the 10 steps deal with government regulation as listed by the SBA for starting a business? Four. One. Two. Three.
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Solution

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The answer is Two.

Explanation for each option:

  • Four: This option is incorrect because the SBA (Small Business Administration) does not list four steps specifically dealing with government regulation in their 10-step guide for starting a business.

  • One: This option is incorrect because there is more than one step that involves government regulation.

  • Two: This option is correct. The SBA's 10-step guide for starting a business includes two steps that deal directly with government regulation:

    1. "Register your business" which involves legal registration with the government.
    2. "Get federal and state tax IDs" which involves obtaining necessary tax identification numbers from the government.

  • Three: This option is incorrect because there are only two steps that specifically deal with government regulation, not three.

By focusing on these two steps, the SBA ensures that new business owners comply with necessary legal and tax requirements.

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