Answer the following statement(s) true (T) or false (F)

1. The rise of digital technology has reduced opportunities to start up companies in the music industry.
2. Startup companies in areas such as music publishing may grow fast via acquisitions, which involve
buying assets from third parties.
3. Because of partnership agreements, it’s rare for partners to get into disputes about how to run the
business.
4. Small startup businesses are exempt from businesses taxes and the requirement for permits for a
time, usually about 1 year in most states.

1. False
2. True
3. False
4. False