A corporation may be organized for the purpose of making a profit or may be not-for-profit.

Name: A corporation may be organized for the purpose of making a profit or may be not-for-profit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Corporations can be organized either for profit, aiming to generate income for their owners or shareholders, or as not-for-profit (nonprofit), focusing on a specific social, educational, charitable, or other purpose without the goal of making profits for distribution to owners or shareholders.

A Corporation May Be Organized for the Purpose of Making