ESB Certification Questions and Answers with complete solution

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