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goji.go goji.go
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Posts: 5977
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11 years ago
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?
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Diesel

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bbb
wrote...
#1
11 years ago
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.
goji.go Author
wrote...
#2
11 years ago
Thanks for helping me with my business review homework.
Diesel
bbb
wrote...
#3
11 years ago
You're very welcome, but pls mark as solved.
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