Legal forms and starting a company Quiz

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Test your knowledge on legal forms for starting a business!

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P G

Austria

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Legal forms and starting a company Quiz


Froggy Jumps Legal forms and starting a company QuizOnline version Test your knowledge on legal forms for starting a business! by P G 1 What is the most common legal structure for small businesses? a Corporation b Partnership c Sole Proprietorship 2 Which legal form limits personal liability for business debts? a Sole Proprietorship b Limited Liability Company (LLC) c General Partnership 3 What is a key advantage of forming a Corporation? a Limited liability protection b You are your own boss c Easier tax filing 4 Which legal form is in any case owned by two or more individuals? a Partnership b LLC c Sole Proprietorship 5 Which business structure is taxed as a separate entity (not a natural person but a "frame for money"?) a Partnership b Sole Proprietorship c Corporation 6 What is the primary disadvantage of a Sole Proprietorship? a Limited growth potential b Unlimited personal liability c Complex tax filing 7 Which legal form requires formal registration with the state? a Sole Proprietorship b General Partnership c Corporation 8 Which type of business structure is easiest to set up? a LLC b Sole Proprietorship c Corporation 9 For a sole proprietorship, the income tax is up to ... a 55% b 50% c 60% 10 The minimum corporate income tax of a limited liability company amounts to ... a 300 EUR p.a. b 500 EUR p.a. c 400 EUR p.a. 11 The minimum corporate income tax of a stock corporation (AG) amounts to ... a 1300 EUR p.a. b 2500 EUR p.a. c 3500 EUR p.a. 12 The corporate income tax rate for legal entities is ... a 23% b 27,5% c 20% 13 The income tax rate for natural persons leading a company is ... a up to 50% b exactly 27,5% c up to 55% 14 The dividend payment to a partner or shareholder is subject to ... a 27,5% capital gains tax b 23% corporate income tax c 10% value added tax 15 In a GesmbH & Co KG, the general partner is / are ... a ... a sole proprietor b ... one or more natural persons c ... a limited liability company 16 A GmbH (limited liability company) is always subject to ... a a notarial deed b a private cost controlling management c local administration

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Legal forms and starting a company Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Legal forms and starting a company QuizOnline version

by P G

What is the most common legal structure for small businesses?

Which legal form limits personal liability for business debts?

What is a key advantage of forming a Corporation?

Which legal form is in any case owned by two or more individuals?

Which business structure is taxed as a separate entity (not a natural person but a "frame for money"?)

What is the primary disadvantage of a Sole Proprietorship?

Which legal form requires formal registration with the state?

Which type of business structure is easiest to set up?

For a sole proprietorship, the income tax is up to ...

The minimum corporate income tax of a limited liability company amounts to ...

The minimum corporate income tax of a stock corporation (AG) amounts to ...

The corporate income tax rate for legal entities is ...

The income tax rate for natural persons leading a company is ...

The dividend payment to a partner or shareholder is subject to ...

In a GesmbH & Co KG, the general partner is / are ...

A GmbH (limited liability company) is always subject to ...