ESB Certification Exam Questions and
Answers 100% Accurate
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
Answers 100% Accurate
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
