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ESB Certification (2022/2023) with Complete Answers

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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.

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ESB Vocabulary

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ESB Certification (2022/2023) with
Complete Answers
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.
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