Section 1 - Instruction

You've learned about the four main legal structures and their key differences. Now let's practice applying that knowledge to local business scenarios.

Remember: the goal is matching the structure to your community business's specific needs, not finding a "perfect" answer.

Engagement Message

Ready to become a structure selection expert?

Section 2 - Practice

Type

Multiple Choice

Practice Question

Sara wants to start a neighborhood pet sitting service. She'll work alone from her home, has minimal startup costs, and wants to keep things simple while serving families in her community. Which structure makes the most sense?

A. Corporation - for maximum protection and growth potential B. LLC - for liability protection with moderate complexity C. Partnership - for shared responsibility and resources D. Sole Proprietorship - for simplicity and low cost

Suggested Answers

  • A
  • B
  • C
  • D - Correct
Section 3 - Practice

Type

Fill In The Blanks

Markdown With Blanks

Fill in the blanks for this structure comparison:

[[blank:Sole Proprietorship]] offers the most simplicity but the least protection, while [[blank:Corporation]] offers the most protection but the highest complexity.

Suggested Answers

  • Sole Proprietorship
  • Corporation
  • Partnership
  • LLC
Section 4 - Practice

Type

Swipe Left or Right

Practice Question

Match these local business situations with their key structure considerations:

Labels

  • Left Label: Needs Simple Structure
  • Right Label: Needs Protective Structure

Left Label Items

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