A _____ is formed for civic, educational, charitable, and religious purposes.
A) limited-liability company
B) joint venture
C) family limited partnership
D) nonprofit corporation

Question

Quizplus · Accepted Answer

A nonprofit corporation is a type of corporation that is organized for purposes other than generating profit, such as civic, educational, charitable, or religious purposes. Nonprofit corporations are exempt from paying taxes on their income and donations made to them may be tax-deductible for the donor.

A _____ Is Formed for Civic, Educational, Charitable, and Religious