Question 41An organization that is established as a separate existence for the purposes of

Question

Question 41

An organization that is established as a separate existence for the purposes of

taxes is a:

a. business entity.

b. tax haven enterprise.

c. co-op business.

d. none of the above.

Question 42

Which of the following is usually the starting ownership entity?

a. C corporation

b. Limited partnership

c. Sole proprietorship

d. Limited liability company

Question 43

If you want a company name other than your surname for your sole proprietorship, what would you file with the County Clerk’s Office?

a. Articles of incorporation

b. Fictitious business name statement

c. Notice of name change statement

d. There is no need to file anything

Question 44

Which of the following would be a typical sole proprietor business?

a. Small home office business

b. Family restaurant

c. Construction firm

d. All of the above

Management