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Types of company

Quiz 4: Types of company

In this quiz, the different legal formats companies can have.

Make a note of any ideas, language and resources of interest. You can also review them once you’ve completed the quiz.

Use the ‘Start’ button to get going.

Here’s the next quiz in the series: Money.

Quick vocabulary review

After doing the Types of company quiz, you can review some of the vocabulary used in the questions here.


Resources

Here’s the list of resources on company organization used in the quiz.

  • Limited Liability Company – LLC
    An introduction to LLCs
  • C Corporation: A Definition
    An introduction to C corporations
  • Subchapter S Corporation
    Good introduction to S corporations
  • Advantages & Disadvantages of Incorporating a Business
    A look at incorporation from the prespective of small businesses
  • The Disadvantages of Incorporating a Business
    Explanation of the term ‘double taxation’ as well as some of the other disadvantages for small businesses
  • Limited Liability
    Explanation of limited liability accompanied by a short video
  • What’s the difference between publicly- and privately-held companies?
    Short video explanation if IPOs
  • What are the advantages and disadvantages for a company going public?
    Short video explanation

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    Carl Dowse is currently a lecturer of English for business at the University of Applied Sciences, Essen, Germany. Carl has taught English in higher education and with corporate clients in Italy, Germany and the UK since 1995. Read More…

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