No ownership, no US Federal taxes
DAY#151 "ESB-V2" PREP EXAM
12th Grade
•55 Qs
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DAY#151 "ESB-V2" PREP EXAM
Quiz
•
Computers
•
12th Grade
•
Medium
Herman Scriven
Used 29+ times
FREE Resource
55 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
S Corporation
Partnership
Non-Profit
Sole Proprietorship
C Corporation
2.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Best for international business, even with being double-taxed
S Corporation
Partnership
Non-Profit
Sole Proprietorship
C Corporation
3.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Easy to create, but comes with unlimited liability
S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Lower tax rate that prevents the company from being double-taxed
S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)
5.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Ideal for a single owner seeking limited liability protection
S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Shared financial backing
S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Creates the company
Founder
Stakeholder
Chief Financial Officer (CFO)
Chief Executive Officer (CEO)
Chief Operating Officer (COO)
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