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Esports Business Start Up

Esports Business Start Up

Assessment

Flashcard

Other

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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5 questions

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1.

FLASHCARD QUESTION

Front

What is a key characteristic of a sole proprietorship?

Back

Personal liability

2.

FLASHCARD QUESTION

Front

Which business structure is best for protecting personal assets while keeping a simple setup? Options: Sole Proprietorship, LLC, Partnership, C-Corp

Back

LLC

3.

FLASHCARD QUESTION

Front

In a partnership, who is responsible for the business’s debts?

Back

All partners

4.

FLASHCARD QUESTION

Front

What is a major drawback of a C-Corp?

Back

Double taxation

5.

FLASHCARD QUESTION

Front

Which business structure limits the number of shareholders and avoids double taxation? Options: Sole Proprietorship, LLC, S-Corp, C-Corp

Back

S-Corp

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