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Legal Structures

Authored by Beatriz Jones

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Legal Structures
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 16 pts

No ownership, no US federal taxes (tax exempt certificate issued

Non-profit
S corporation
Partnership
Sole proprietorship
LLC

2.

MULTIPLE CHOICE QUESTION

30 sec • 17 pts

Best for international business even with being double-taxed

C corporation
S corporation
Partnership
Non-profit
Sole proprietorship

3.

MULTIPLE CHOICE QUESTION

30 sec • 17 pts

Easy to create but comes with unlimited liability

Sole proprietorship
S corporation
Partnership
Non-profit
LLC

4.

MULTIPLE CHOICE QUESTION

30 sec • 16 pts

Lower tax rate that prevents the company from being double-taxed strict requirements to qualify

S corporation
Partnership
Non-profit
Sole proprietorship
LLC

5.

MULTIPLE CHOICE QUESTION

30 sec • 17 pts

Ideal for a single owner seeking low risk

LLC
S corporation
Partnership
Non-profit
Sole proprietorship

6.

MULTIPLE CHOICE QUESTION

30 sec • 17 pts

Shared financial backing

Partnership
S corporation
Non-profit
Sole proprietorship
LLC

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