Types of Business Ownership

Abigail is planning to start a new business. Which of the following is a type of business ownership she can consider?

• Sole Proprietorship

• Partnership

• Corporation

• All of the above.

Olivia runs a bakery all by herself. Her business is an example of a _______.

• A) Corporation

• B) Partnership

• C) Sole Proprietorship

Anika wants to start her own business with minimal hassle. Which business ownership type should she consider?

• Corporation

• Partnership

• Sole Proprietorship

• Franchise

In Priya's tech startup, the owners are called _______.

• Partners

• Shareholders

• Proprietors

Ava is considering starting a business and is exploring different types of business ownership. She wants to know which type of business ownership is subject to double taxation?

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

Abigail is considering starting her own business and wants to choose the least regulated form of business ownership. What should she choose?

• Corporation

• Partnership

• Sole proprietorship

• Limited liability company

Michael is considering starting a sole proprietorship for his new coffee shop. He realizes that raising capital is more _______.

• easy

• difficult

• unnecessary

• frequent

Anika and Samuel are planning to start a business together. Which of the following is a characteristic of their partnership?

• A) Expensive to create

• B) Inexpensive to create

• C) Only one partner has control

• D) Partners cannot share ideas.

Aria, Avery, and Anika have a business partnership. Which of the following is a challenge they might face if they decide to dissolve their partnership?

• It is easy to dissolve one partner's interest.

• It is difficult to dissolve one partner's interest without dissolving the partnership.

• Partners can easily separate their interests.

• Dissolving a partnership is always beneficial.

Benjamin is studying different business structures for his entrepreneurship class. Which of the following is NOT a type of corporation?

• C-Corporation

• Subchapter S Corporation

• Nonprofit Corporation

• Sole Proprietorship