Business Ownership,Registration, & The Corporation (question)
Which of the following accurately describes double taxation?
Corporate income taxes are paid on profits and on stockholders' personal income on dividends.
Which of the following is the money or other resources needed to pay for a party or parts of the company?
Finance
Which of the following is the process of issuing loans in small amounts?
Micro lending
Which of the following represents a legal title ownership?
Share certificate
After a C corporation it's formed, what must happen for it to become an S corporation?
The company must elect a special tax status with the IRS.
Which of the following are protections provided to authors of original works such as literature?
copyrights
Which of the following is money borrowed from a business or investment which must be repaid over time with interest?
debt capital
Which of the following are the unique names which identify internet sites and businesses?
domain name
Which of the following is not a benefit of perpetual life?
It has the ability to expose personal assets.
Which of the following explains the capacity to contract?
Legal actions are a responsibility of the corporation.
Which of the following is not a tip provided in the segment for naming business?
Make the name difficult to pronounce.
Which of the following is a disadvantage of a franchise?
Must follow parent company business structure.
Which of the following are the grants of intellectual property rights to the inventor?
Patent
Which of the following is an S corporation permitted to do?
Pay FICA taxes on salaries only.
Which of the following is defined as a business which is owned and operated by one individual?
Sole proprietorship
Which of the following describes a possible form of dissolution of a corporation?
The organizers give the corporation an end date so when the mission is completed it comes to an end.
In a limited liability an individuals liability is limited to which of the following?
The value of the investment in the company.
S Corporations are most appropriate for entrepreneurs who prefer which of the following?
To be taxed as if they were sole proprietors or partners.
Words,symbols, names or devices used to specify goods and differentiate one good from others is defining which of the following?
Trademarks
Limited liability corporations can not do which of the following?
Utilize the benefits of stock ownership and sales.
Which of the following is a type of business which operates as a separate legal entity?
corporation
Which of the following is not a type of business ownership?
entrepreneurship
Which of the following is the money raised by business or investor in exchange for a share of ownership on the company?
equity capital
Groups of individuals who invest money in various types of companies in search making a profit are known as which of the following?
investors
Which of the following is defined as a business in which partners have an unequal share and liability in the business?
limited partnership