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