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31 March, 14:11

What business structure automatically reinvests profits in the corporation?

options:

An S corporation

A nonprofit corporation

A sole proprietorship

A limited partnership

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Answers (1)
  1. 31 March, 14:19
    0
    correct option is B. A nonprofit corporation

    Explanation:

    solution

    correct option is nonprofit corporation because nonprofit corporation is also called as tax exempt corporation

    and it does not have any purpose of profit for owner and no need to pay federal taxes and state or local taxes

    nonprofit organization is reinvest its profit and this type of company solely reinvest in themselves

    so correct option is B. A nonprofit corporation
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