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Exam (elaborations)

ESB Certification Correct Questions & Answers

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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 -...

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  • November 7, 2023
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  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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ESB Certification Correct Questions &
Answers

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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