Exam 3: Organizing and Financing a New Venture

A limited partnership limits certain partners' liabilities to pay the venture's obligations to the amount each paid for their partnership interests.

Which of the following numbers of shareholders is allowed in a Subchapter S or S) corporation business form?

"Trademarks" are intellectual property rights that allow firms to differentiate their products and services through the use of unique marks.

The average tax rate for a corporation with taxable income of $100,000 would be:

Which of the following are not sources of seed and start-up financing?

A copyright must be registered with the U.S. Copyright Office in order for a work to be protected.

Based on 2015 tax schedules, the first dollar of corporate income is taxed at which of the following marginal tax rates:

"Business method" is one kind of patent.

Patents, trade secrets, trademarks, and copyrights are intangible assets.

The average tax rate for a single filer with taxable income of $90,750 would be:

Which of the following forms of protecting intellectual property had its protection limit increased from 17 to 20 years?

The difference between a limited partnership and a general partnership is that the limited partnership has partners who actively manage the day-to-day operations but also has passive investors.