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Title: After a successful five years, Double Z, LLC (a retirement ranch for race horses Post by: goji.go on Feb 8, 2013 After a successful five years, Double Z, LLC (a retirement ranch for race horses) thinks it may be able to attract donations from animal activist groups and even the federal government if it becomes a not-for-profit corporation. Explain what changes the owners of Double Z would need to make in order to be a not-for-profit corporation?
Title: Re: After a successful five years, Double Z, LLC (a retirement ranch for race horses Post by: bbb on Feb 28, 2013 If Double Z decides to change its form of business ownership to a not-for-profit corporation, it will not seek personal profits for its owners. If the owners work in the business, they can expect a salary. The company cannot distribute any additional income to owners. It must put all revenues and/or contributions back into the business.
Title: Re: After a successful five years, Double Z, LLC (a retirement ranch for race horses Post by: goji.go on Mar 3, 2013 Thanks for helping me with my business review homework.
Title: Re: After a successful five years, Double Z, LLC (a retirement ranch for race horses Post by: bbb on Jun 6, 2013 You're very welcome, but pls mark as solved.
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