Question

1. Which of the following is true with respect to an S corporation?

a. It is a method of taxation employed by certain entities.

b. It is a form of a limited partnership.

c. It is a special entity created under state law.

2.A registered agent is which of the following?

a. An individual or entity that receives legal documentation on behalf of a corporation.

b. An outside director of a corporation.

c. An inside director of a corporation.

d. The CEO of a corporation.

3. A sole proprietor is which of the following?

a. A general partner.

b. An individual in business for himself or herself.

c. A minority shareholder.

Answer 1

Answer 1)

S corporation is a method of taxation employed by certain entities.

Option A is correct.

Answer 2)

.A registered agent is the individual or entity that receives legal documentation on behalf of a corporation.

Option A is correct.

Answer 3)

sole proprietor is an individual in business for himself or herself.

Option B is correct.

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