FL CONTRACTORS MANUAL

FL CONTRACTORS MANUAL, SET #3
QUESTIONS WITH CORRECT
ANSWERS 2025
AllAofAtheAfollowingAareAtrueAregardingAaAgeneralApartnershipAexceptA____________.A

A.AaApartnershipAisAterminatedAuponAtheAdeathAofAaApartnerA

B.AgeneralApartnersAhaveAunlimitedApersonalAliabilityA

C.AfringeAbenefitsAareAnotAgenerallyAtaxAdeductibleA

D.AthereAisAaApotentialAofAdoubleAtaxationAonAearningsA-
AcorrectAanswersD.AthereAisAaApotentialAofAdoubleAtaxationAonAearnings,ACh.A1



AAjointAventureAisA_____________.



A.AtwoAorAmoreAcompaniesAcombiningAtheirAresourcesAandAbusinessAskillsAtoAformAanAunlimite
dAliabilityAcorporationAforAoneAprojectAonly

B.AtwoAorAmoreAcompaniesAjoiningAtogetherAseekingAaAprofitAinAunderAaAcorporationAagreeme
ntAforAoneAprojectAonly

C.AtwoAorAmoreApersonsAorAentitiesAjointlyAseekingAaAprofitAinAsomeAspecificAventureAwithoutAa
nAactualApartnershipAorAcorporationAdesignation

D.AtwoAorAmoreAentitiesAorApersonsAseekingAaAprofitAwithAimmunityAfromAliabilityA-
AcorrectAanswersC.AtwoAorAmoreApersonsAorAentitiesAjointlyAseekingAaAprofitAinAsomeAspecificAv


entureAwithoutAanAactualApartnershipAorAcorporationAdesignationACh.A1

WhichAofAtheAfollowingAisAtrueAregardingAaAjointAventure?



A.AaAjointAventureAisAgenerallyAlimitedAtoAaAsingleAprojectAbutAwithAtheAapprovalAofAtheAConstru
ction

LicensingABoardAupAtoAthreeAmoreAprojectsAcanAbeAdone

B.AtheApersonsAorAentitiesAinAaAjointAventureAareAnotAgovernedAbyAtheAsameArulesAasAaApartners
hip

C.AaAjointAventureAisAgenerallyAlimitedAtoAaAsingleAtransaction

D.AaAjointAventureAisAusuallyAcreatedAforAtheAgeneralAtransactionAofAbusinessAofAaAparticularAty
peA-AcorrectAanswersC.AaAjointAventureAisAgenerallyAlimitedAtoAaAsingleAtransaction,ACh.A1

, OneAofAtheAadvantagesAofAaAstandardAcorporationAisA_________________.



A.AtaxationAisAlimited

B.ArecordAkeepingAisAnotAexpensive

C.AfringeAbenefitsAareAtaxAdeductible

D.AnotAanAexpensiveAformAofAbusinessAtoAorganizeA-
AcorrectAanswersC.AfringeAbenefitsAareAtaxAdeductible.ACh.A1.



HowAlongAisAaAregisteredAfictitiousAnameAvalidAfor?



A.A5Ayears

B.A4Ayears

C.A3Ayears

D.A2AyearsA-AcorrectAanswersA.A5Ayears.ACh.A1.

AApersonAmayAengageAinAbusinessAunderAaAfictitiousAnameAbyAregisteringAtheAnameAwithAthe_
__________.



A.AConstructionALicensingABoard

B.ADivisionAofACorporations

C.ADepartmentAofABusinessAandAProfessionalARegulationAD.AFloridaADepartmentAofASalesATaxAD
ivisionA-AcorrectAanswersB.ADivisionAofACorporations.ACH.A1.

UnlessAyouAareAaAsoleAproprietor,AfederalAformASS-
4AmustAbeAfiledAonAorAbeforeAtheA______________.



A.AseventhAdayAafterAtheAdateAonAwhichAbusinessAbegins

B.AtenthAdayAafterAtheAdateAonAwhichAbusinessAbegins

C.AfifteenthAdayAafterAtheAdateAonAwhichAbusinessAbeginsAD.AthirtiethAdayAafterAtheAdateAonAwh
ichAbusinessAbeginsA-
AcorrectAanswersA.AseventhAdayAafterAtheAdateAonAwhichAbusinessAbegins.ACh.A1.



FloridaAStatutesA(ChapterA489)AprovidesAforAtheAlicensureAandAregulationAofAallAtypesAofAcontra
ctorsAinAFloridaAandAareAdividedAintoA______________________.