No ownership, no US federal taxes (tax exempt certificate issued
Legal Structures
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6 Qs
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Legal Structures
Quiz
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others
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Hard
Beatriz Jones
FREE Resource
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 16 pts
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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