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| an informal of advisors with no legal sanctions that guide and provide direction to the entrepreneurs. |
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| the formal group of elected advisors that set policy, help shape a business’s daily operations and growth strategy, and provide direction to the entrepreneurs |
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| the act of adhering to regulations, laws, and standards established by government and provide organizations. |
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| Consumer Product Safety Act |
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| the regulation of 1972 establishing a U.S. Consumer Product Safety Commission charged with establishing standards and laws to test and ensure the safety of products offered for sale in the United States. |
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| Consumer Product Safety Improvement Act |
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| the law enacted in 2008 requiring safety testing for children’s toys and products, controversial for its impact on small businesses and secondhand stores |
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| Copyright can be filled with the Library of Congress and lasts for the like of an individual author plus 70 years. |
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| Creative Commons licenses |
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| An agreement the author applies to a work in order to allow others to use it more freely than a traditional copyright, trademark, or patent would allow. |
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| the name of a business venture, a sole proprietor or partnership may register the name to show they are doing business as the name. |
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| special taxes levied for sales of items such as cigarettes, alcoholic beverages, and gasoline, or for certain activities such as gambling or operating heavy vehicles on public roads |
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| A federal law establish in 1938 requiring companies to pay minimum wage and overtime pay, setting a maximum work week limit of 40 hours, and limiting child labor. |
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| Federal Insurance Contributions Act (FICA) |
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| the law creating the Social Security tax programs, funding retirement accounts for US workers. |
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| The tax form for individuals, sole proprietors, and tax-exempt organizations to report annual financial information to the Internal Revenue Service. |
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| the tax form for partnerships filing business income taxes, or “U.S. Return of Partnership income.” |
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| the tax form for corporations filing business income taxes, or “U.S. Corporation Income Tax Return. |
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| to use intellectual property illegal without permission or license from the property rights owner. |
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| creative works that can be used commercially and protected under law with copyright, patent, trademark, or trade secrets. |
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| the US organization that regulates taxation and collects tax filings. |
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| the act of imposing and collecting a fine or tax |
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| an agreement in which an author of a trademark, patented, or copyrighted work allows others to use certain rights to the work, for compensation. |
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| the US social system for providing medical insurance coverage to people aged 65 and over. |
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| Occupational safety and health administration |
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| the federal organization that oversees health and safety regulations at workplaces, ensuring the health of employees and workers. |
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| a set of exclusive rights issued to a person or company for manufacturing and selling a unique process or invention. |
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| public ownership of copyrighted or patented works, which allows anyone to use and modify the works freely. |
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| a trademark that has been filed or registered with the U.S. Patent and Trademark Office. |
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| companies that buy and sell merchandise in retail or wholesale, and require a sales tax ID. |
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| Oxley Act- the US law of 2002 enforcing transparency and accountability for public companies. |
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| a type of trademark used for designing a service company. |
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| information about a company’s processes, research, and inventions that can help get an edge in the marketplace. Companies ask vendors or employers to sign nondisclosure agreements to prevent them from talking about these secrets. |
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| protection for a company’s or entrepreneur‘s rights to identify themselves or a product with a specific word, phrase, or name. |
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| an agreement specifying an employer’s right to own any works of authorship produced for the company during work hours. |
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| the process of establishing regions within a municipality to regulate the use of private land, such as industrial work, commercial businesses, and residential homes. |
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