Legal Structures

Legal Structures

6 Qs

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Legal Structures

Legal Structures

Assessment

Quiz

others

Hard

Created by

Beatriz Jones

FREE Resource

6 questions

Show all answers

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