Quizizz: Business Legal Structures

Does S-Corp have special tax advantages?

• Yes

• No

LLC, shields the owners' personal assets from business _______?

• creditors

• owners

• employees

• managers

S-Corp:

• No more than 100 shareholders

• Only one class of stock

• Strict stipulations on who is allowed to be a shareholder

• All of the above

Define pass through taxation:

Are sole proprietorships easy to create?

• yes

• no