Cooper wants to start a sports club to benefit inner-city children and teach them rock climbing,mountaineering,and other outdoor sports.He wants to take donations to support the club rather than sell stock.What business form would be best for this club?

Question

Quizplus · Accepted Answer

A not-for-profit corporation would be the best choice for Cooper's sports club as it is created for the purpose of promoting social welfare, not for the purpose of making a profit. Donations can be tax-deductible for the donors, and the club can apply for grants and other funding opportunities available to non-profit organizations. Additionally, a not-for-profit corporation can have a board of directors to oversee the organization and ensure that its goals and mission are being met.

Cooper Wants to Start a Sports Club to Benefit Inner-City