Esports Business Start Up

Front

What is a key characteristic of a sole proprietorship?

Back

Personal liability

Front

Which business structure is best for protecting personal assets while keeping a simple setup? Options: Sole Proprietorship, LLC, Partnership, C-Corp

Back

LLC

Front

In a partnership, who is responsible for the business’s debts?

Back

All partners

Front

What is a major drawback of a C-Corp?

Back

Double taxation

Front

Which business structure limits the number of shareholders and avoids double taxation? Options: Sole Proprietorship, LLC, S-Corp, C-Corp

Back

S-Corp