ESB Domain 1 Test
Flashcard
•
Computers
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview

25 questions
Show all answers
1.
FLASHCARD QUESTION
Front
No ownership, no US Federal taxes
Back
Non-Profit
2.
FLASHCARD QUESTION
Front
Best for international business, even with being double-taxed: S Corporation, Partnership, Non-Profit, Sole Proprietorship, C Corporation
Back
C Corporation
3.
FLASHCARD QUESTION
Front
Easy to create, but comes with unlimited liability
Back
Sole Proprietorship
4.
FLASHCARD QUESTION
Front
Lower tax rate that prevents the company from being double-taxed
Back
S Corporation
5.
FLASHCARD QUESTION
Front
Ideal for a single owner seeking limited liability protection
Back
Limited Liability Corporation (LLC)
6.
FLASHCARD QUESTION
Front
Shared financial backing: S Corporation, Partnership, Non-Profit, Sole Proprietorship, Limited Liability Corporation (LLC)
Back
Partnership
7.
FLASHCARD QUESTION
Front
Creates the company
Back
Founder
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