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Business & FinanceBusiness Setupmedium11% of exam part

A Naples startup wants to operate under the name 'Sun Coast Builders' before signing contracts. Which administrative setup step should be completed?

Correct Answer

D) fictitious-name check

A contractor should verify and document the business or fictitious name before using it in contracts and public-facing records.

Answer Options
A
workers comp audit banking setup log
B
final lien release tax registration packet
C
owner punchlist ownership review memo
D
fictitious-name check

Why This Is the Correct Answer

A contractor should verify and document the business or fictitious name before using it in contracts and public-facing records.

Why the Other Options Are Wrong

Option A: workers comp audit banking setup log

workers comp audit banking setup log belongs to a different file or record trail; it does not prove the business name setup event.

Option B: final lien release tax registration packet

final lien release tax registration packet belongs to a different file or record trail; it does not prove the business name setup event.

Option C: owner punchlist ownership review memo

owner punchlist ownership review memo belongs to a different file or record trail; it does not prove the business name setup event.

Memory Technique

Business Name proof for Office Manager: event, approval, receipt, follow-up.

Reference Hint

Open-book path: tab Contractor's Manual, 2025 to Business startup records; fictitious-name and entity-name setup; verify the startup duty, registration, or financial setup before answering.

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