BUISENESS MANAGEMENT
BUSINESS STRUCTURE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cooperative
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Not-for-Profit Corporation
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S-Corporation
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Limited Liability Company
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Detailed explanation-1: -Non-Profit Organization fulfills the purposes like religious, charitable, scientific, public safety, literary, educational, fostering national or international sporting but on a smaller scale as compared to an NGO.
Detailed explanation-2: -A non-profit organization is a type of organization that is set up to provide goods and services to the public in a way that does not generate a profit. Non-profit organizations are established to serve a charitable, educational, religious, or other purpose that benefits the public.
Detailed explanation-3: -Sole Proprietorship Sole proprietorships own all the assets of the business and the profits generated by it.
Detailed explanation-4: -A corporation, sometimes called a C corp, is a legal entity that’s separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.