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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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4 votes
What business structure automatically reinvests profits in the corporation?

options:

An S corporation

A nonprofit corporation

A sole proprietorship

A limited partnership

User Chris Fu
by
4.3k points

1 Answer

7 votes

Answer:

correct option is B. A nonprofit corporation

Step-by-step 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

User Im So Confused
by
3.6k points
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