Exam (elaborations)
ESB Questions and Answers 100% Correct | Updated 2024
- Course
- Institution
ESB Questions and Answers 100% Correct | Updated 2024
[Show more]
Seller
Follow
StudySet
Reviews received
Content preview
ESB Questions and Answers 100% Correct |Updated 2024
ESB Practice Exam 1
What is entrepreneurship? - ANSWER Setting up a business with the aim to
make a profit.
B2B - ANSWER Purchases requiring a tax exemption certificate; wholesale
flooring distributor
B2C - ANSWER motorcycle repair shop; chain of local grocery stores
S - Corporation - ANSWER offers many of the same benefits as a c corporation,
but better for small businesses. 100 shareholders maximum allowed. all must be
US citizens or residents. shareholders are not personally responsible for business
liabilities.
c-corporation - ANSWER best if the company plans to someday sell stock to the
public; can issue shares to founders, employees, and investors. unlimited owners
(aka shareholders) allowed. shareholders are not personally responsible for
business liabilities. taxed twice - business pays at the corporate level, and
shareholders pay on income received. a separate tax return is required for the
business
sole proprietorship - ANSWER best if you need an easy set-up. you may still
need a dba or business licenses to operate legally, but no other paperwork one
owner maximum. the owner is personally responsible for business liabilities. no
personal liability protection. taxed once - you pay on profits in your personal tax
return. separate tax return not needed
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudySet. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now