Happta is a corporation with tax-exempt status. It has members but cannot have stockholders. Given this information, Happta is most likely a(n):
A) S corporation.
B) C corporation.
C) not-for-profit corporation.
D) statutory close corporation.

Question

Quizplus · Accepted Answer

Happta is most likely a not-for-profit corporation, as it has tax-exempt status and members instead of stockholders, which is typical for such organizations.

Happta Is a Corporation with Tax-Exempt Status