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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

How does a regular (C) corporation differ from a not-for-profit corporation?

Summary Introduction

To determine: The reasons on a regular (C) corporation different from a not-for-profit corporation.

Introduction: A not-for-profit corporation is an organization shaped to complete a charitable, instructive, religious, abstract or logical reason.

Explanation

The reasons on a regular (C) corporation different from a not-for-profit corporation are as follows:

Not-for profit driven organizations are composed by those whose only cause for existing is to give a social administration instead of to gain earnings. This kind of association gives the proprietors limited liability yet additionally enables them to reinvest their tax-exempt salary once more into the business...

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