AZghStatutesghandghRulesghFlashcards
whichghofghtheghfollowingghisghconsideredghaghformghofghbusinessghorganizatio
n?gh-ghcorrectghanswer✔ ✔ soleghproprietorship
whichghofghtheghfollowingghisghanghadvantageghofghtheghsoleghownershipghformgh
ofghbusiness?gh-ghcorrectghanswer✔ ✔ canghbeghsoldghorghalteredghatghwill
whenghuncertainghaboutghwhatghtypeghofghentityghisghbestghforghaghcompany,ghsee
kghadviceghfrom:gh-ghcorrectghanswer✔ ✔ legalghcounselor
whichghoneghofghtheghfollowingghisghtheghsimplestghformghofghbusinessghtoghsetgh
upgh-ghcorrectghanswer✔ ✔ soleghproprietorship
anghentityghwhoseghownerghisghliableghforghallghdebtsgh-ghcorrectghanswer✔ ✔
soleghproprietorship
whatghisghtheghadvantageghofghbeingghaghsoleghproprietorgh?gh-ghcorrectghanswer
✔ ✔ ownerghmakesghallghtheghdecisions
whatghbusinessghtypeghpaysghtheghownerghasghindividualghincomegh?gh-
ghcorrectghanswer✔ ✔ soleghproprietorship
,whichghofghtheghfollowingghisghnotghaghlicenseegh?gh-ghcorrectghanswer✔ ✔
aghsoleghproprietor
whatghhappensghtoghaghsoleghproprietorshipghifghtheghownerghdiesgh?gh-
ghcorrectghanswer✔ ✔ itghisghterminatedghimmediately
whichghofghtheghfollowingghindividualsghhasghnoghmanagerialghdecisionghmaki
ngghpower,ghandghhasghliabilityghrestrictedghtoghtheghamountghofghinvestmentgh?g
h-ghcorrectghanswer✔ ✔ limitedghpartners
aghgeneralghpartnershipghisghmadeghupghofgh"A"gh-gh60%,ghandgh"B"gh-
40%.ghtheghpartnershipghisghcommittedghtoghagh$100,000.00ghdebt.gh"A"ghdies.gh
thereghisghnoghpartnershipghaccountghtoghcoverghthisghdebt.ghhowghwillghthisghdeb
tghbeghhandledgh?gh-ghcorrectghanswer✔ ✔
"B"ghisghliableghforghtheghentiregh$100,000.00
twoghpartnersghinvestgh$10,000.gheachghintoghtheghgeneralghpartnership.ghtheghc
ompanyghgoesghoutghbusinessghwithgh$gh30,000.00ghinghliabilities.ghhowghmuch
ghisgheachghpartnerghresponsibleghforgh? gh-ghcorrectghanswer✔ ✔
$30,000.00
,whichghofghtheghfollowingghmustghbeghfiledghwhenghregisteringghanghArizonaghli
mitedghpartnershipgh?gh-ghcorrectghanswer✔ ✔
certificateghofghlimitedghpartnership
aghbusinessghpaysghtaxesghonghit'sghprofitsghandghtheghownersghpayghadditionalghi
ncomeghtaxesghonghdividendsghtheyghreceive,ghwhatghtypeghofghbusinessghisghthi
sgh?gh-ghcorrectghanswer✔ ✔ corporation
whichghofghtheghfollowingghbusinessghentitiesghcontinueghtoghexistghevenghifghon
eghorghmoreghshareholdersghdiegh?gh-ghcorrectghanswer✔ ✔ Cghcorporation
approvedgharticlesghofghincorporationghmustghbeghpublishedghinghaghlocalghnews
paperghinghtheghcountyghofghtheghplaceghofghbusinessghfor:gh-ghcorrectghanswer✔
✔ 3ghconsecutiveghpublications
afterghyoughhavegharticlesghofghincorporationghwithghtheghArizonaghCorporatio
nghCommissiongh(ACC)ghhowghmuchghtimeghdoghyoughhaveghtoghpublishghyourgh
articles?gh-ghcorrectghanswer✔ ✔ 60ghdays
twoghpeopleghareghinghbusinessghtogetherghandgheachghownsgh50ghpercentghofghA
BCghhomes,ghinc.ghwhichghofghtheghfollowingghisghrequiredgh?gh-
ghcorrectghanswer✔ ✔ filegharticlesghwithghtheghcorporationghcommission
, howghwouldghanghLLCghwithghaghsingleghownerghbeghtaxedgh?gh-
ghcorrectghanswer✔ ✔ asghaghsoleghproprietorship
ifghyoughincorporateghinghArizona,ghwhichghtypeghofghformghdoghyoughuseghtoghin
corporategh?gh-ghcorrectghanswer✔ ✔ domestic
whichghtypeghofghbusinessghorganizationghisghtaxedghlikeghaghpartnership,ghyetgh
offersghallghtheghadvantagesghofghaghcorporation?gh-ghcorrectghanswer✔ ✔
limitedghliabilityghcompany
inghaghlimitedghpartnership,ghtheghdecisionsghareghmadeghby:gh-ghcorrectghanswer
✔ ✔ theghgeneralghpartners
inghArizonaghitghisghaghcommonghpracticeghtoghregisterghaghtradeghorghbusinessghn
ameghandghthisghisghknownghasgh?gh-ghcorrectghanswer✔ ✔ DBA
registrationghofghaghtrademarkghisgheffectiveghforghhowghmanyghyears?gh-
ghcorrectghanswer✔ ✔ 10
whenghreservingghaghtradeghname,ghaghcorporateghnameghmayghbeghreservedghpri
orghtoghincorporationghforghhowghmanyghdays?gh-ghcorrectghanswer✔ ✔
120ghdays
whichghofghtheghfollowingghisghconsideredghaghformghofghbusinessghorganizatio
n?gh-ghcorrectghanswer✔ ✔ soleghproprietorship
whichghofghtheghfollowingghisghanghadvantageghofghtheghsoleghownershipghformgh
ofghbusiness?gh-ghcorrectghanswer✔ ✔ canghbeghsoldghorghalteredghatghwill
whenghuncertainghaboutghwhatghtypeghofghentityghisghbestghforghaghcompany,ghsee
kghadviceghfrom:gh-ghcorrectghanswer✔ ✔ legalghcounselor
whichghoneghofghtheghfollowingghisghtheghsimplestghformghofghbusinessghtoghsetgh
upgh-ghcorrectghanswer✔ ✔ soleghproprietorship
anghentityghwhoseghownerghisghliableghforghallghdebtsgh-ghcorrectghanswer✔ ✔
soleghproprietorship
whatghisghtheghadvantageghofghbeingghaghsoleghproprietorgh?gh-ghcorrectghanswer
✔ ✔ ownerghmakesghallghtheghdecisions
whatghbusinessghtypeghpaysghtheghownerghasghindividualghincomegh?gh-
ghcorrectghanswer✔ ✔ soleghproprietorship
,whichghofghtheghfollowingghisghnotghaghlicenseegh?gh-ghcorrectghanswer✔ ✔
aghsoleghproprietor
whatghhappensghtoghaghsoleghproprietorshipghifghtheghownerghdiesgh?gh-
ghcorrectghanswer✔ ✔ itghisghterminatedghimmediately
whichghofghtheghfollowingghindividualsghhasghnoghmanagerialghdecisionghmaki
ngghpower,ghandghhasghliabilityghrestrictedghtoghtheghamountghofghinvestmentgh?g
h-ghcorrectghanswer✔ ✔ limitedghpartners
aghgeneralghpartnershipghisghmadeghupghofgh"A"gh-gh60%,ghandgh"B"gh-
40%.ghtheghpartnershipghisghcommittedghtoghagh$100,000.00ghdebt.gh"A"ghdies.gh
thereghisghnoghpartnershipghaccountghtoghcoverghthisghdebt.ghhowghwillghthisghdeb
tghbeghhandledgh?gh-ghcorrectghanswer✔ ✔
"B"ghisghliableghforghtheghentiregh$100,000.00
twoghpartnersghinvestgh$10,000.gheachghintoghtheghgeneralghpartnership.ghtheghc
ompanyghgoesghoutghbusinessghwithgh$gh30,000.00ghinghliabilities.ghhowghmuch
ghisgheachghpartnerghresponsibleghforgh? gh-ghcorrectghanswer✔ ✔
$30,000.00
,whichghofghtheghfollowingghmustghbeghfiledghwhenghregisteringghanghArizonaghli
mitedghpartnershipgh?gh-ghcorrectghanswer✔ ✔
certificateghofghlimitedghpartnership
aghbusinessghpaysghtaxesghonghit'sghprofitsghandghtheghownersghpayghadditionalghi
ncomeghtaxesghonghdividendsghtheyghreceive,ghwhatghtypeghofghbusinessghisghthi
sgh?gh-ghcorrectghanswer✔ ✔ corporation
whichghofghtheghfollowingghbusinessghentitiesghcontinueghtoghexistghevenghifghon
eghorghmoreghshareholdersghdiegh?gh-ghcorrectghanswer✔ ✔ Cghcorporation
approvedgharticlesghofghincorporationghmustghbeghpublishedghinghaghlocalghnews
paperghinghtheghcountyghofghtheghplaceghofghbusinessghfor:gh-ghcorrectghanswer✔
✔ 3ghconsecutiveghpublications
afterghyoughhavegharticlesghofghincorporationghwithghtheghArizonaghCorporatio
nghCommissiongh(ACC)ghhowghmuchghtimeghdoghyoughhaveghtoghpublishghyourgh
articles?gh-ghcorrectghanswer✔ ✔ 60ghdays
twoghpeopleghareghinghbusinessghtogetherghandgheachghownsgh50ghpercentghofghA
BCghhomes,ghinc.ghwhichghofghtheghfollowingghisghrequiredgh?gh-
ghcorrectghanswer✔ ✔ filegharticlesghwithghtheghcorporationghcommission
, howghwouldghanghLLCghwithghaghsingleghownerghbeghtaxedgh?gh-
ghcorrectghanswer✔ ✔ asghaghsoleghproprietorship
ifghyoughincorporateghinghArizona,ghwhichghtypeghofghformghdoghyoughuseghtoghin
corporategh?gh-ghcorrectghanswer✔ ✔ domestic
whichghtypeghofghbusinessghorganizationghisghtaxedghlikeghaghpartnership,ghyetgh
offersghallghtheghadvantagesghofghaghcorporation?gh-ghcorrectghanswer✔ ✔
limitedghliabilityghcompany
inghaghlimitedghpartnership,ghtheghdecisionsghareghmadeghby:gh-ghcorrectghanswer
✔ ✔ theghgeneralghpartners
inghArizonaghitghisghaghcommonghpracticeghtoghregisterghaghtradeghorghbusinessghn
ameghandghthisghisghknownghasgh?gh-ghcorrectghanswer✔ ✔ DBA
registrationghofghaghtrademarkghisgheffectiveghforghhowghmanyghyears?gh-
ghcorrectghanswer✔ ✔ 10
whenghreservingghaghtradeghname,ghaghcorporateghnameghmayghbeghreservedghpri
orghtoghincorporationghforghhowghmanyghdays?gh-ghcorrectghanswer✔ ✔
120ghdays
