A Nonprofit Corporation Can Be for Civic,educational,charitable,or Religious Purposes and Must
A nonprofit corporation can be for civic,educational,charitable,or religious purposes and must pass the organizational test of not making a profit.
Correct Answer:
Verified
Q2: There are no limits on the owner's
Q3: Partners must contribute capital or assets to
Q5: A management team is often stronger than
Q9: A partnership reports the income it earns
Q9: Incorporation will not protect a firm's owners
Q12: The liability of owners is greater with
Q14: The concept of balance on the management
Q15: A limited partnership must have at least
Q17: The LLC differs from the C corporation
Q20: The sole proprietorship is a business owned
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents