ESB Certification Test Correct Questions and Answers(Latest Update 2023)!

ESB Certification Test Correct Questions and Answers(Latest Update 2023)!ESB Certification Test Correct Questions and Answers(Latest Update 2023)!Entrepreneurship - ANSWER Setting up business with the aim to make profit. B2B (business-to-business) - ANSWER Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ANSWER Sells products and services directly to customer for personal use. Small buisness - ANSWER A small business is when a business has less than 35.5 million dollars in revenue, and fewer than 1,500 employees. S corporation(Small businesses) - ANSWER is a legal structure with 100 shareholders(U.S. citizens only) MAX, who are not responsible for Liabilities. And they are only taxed once, and there is a separate tax return for the business. C Corporation (Companies) - ANSWER is a legal structure used for when the company plans to sell stock to the public. It has unlimited shareholders (not responsible for liabilities) that are taxed twice (corporates level and income received). A separate tax return is required for business. Sole Proprietorship - ANSWER A business owned by one person that legally needs a DBA or business license. The owner is responsible for liabilities, no separate tax needed (taxed once). Limitied-Liability Company (LLC) - ANSWER This is best for businesses concerned