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