ESB Certification Exam Verified 100%
Correct!!
C Corporation - Answer Double taxed, shareholders and corporation, great for
international businesses
S Corporation - Answer Lower tax, pay on personal income only, like the C
corporation but for smaller businesess.
LLC - Answer great for individuals with low risks
nonprofit organization - Answer owned by no one, no tax paid
HUD - Answer Help America's housing needs and improve communities.
SBA - Answer administrate loans and grants and provides education to entrepeneurs
and small business.
SCORE - Answer Partner of SBA, provides business mentoring from volunteers to
help establish small business owners.
Harvesting - Answer Merging/acquisition a business
Management buyout - Answer Transfering ownership to people who already operate
the business
Employee stock ownership - Answer Business owner sell business to fund retirement
for employees
Initial public offering - Answer Selling shares into the public
USDA - Answer Provide leadership on food
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