Question

Renata and Danuta would like to form a business providing take-out meals to homebound destitute residents of Las Vegas. The meals would be ordered from a menu provided by their company and prepared and delivered by Renata and Danuta. They hope to eventually have their business become international in scope. They will need to raise $100,000 to get their business running and will eventually have much greater capital needs. From the following choices, select the best form of business Renata and Danuta could adopt?
A. Nonprofit corporation
B. Limited-liability company
C. Syndicate
D. Joint venture

Answer 1

Answer:

A

Explanation:

Nonprofit corporation are corporations that do not earn profits. Revenue earned are usually used in the running of the business or for they are donated.

These type of corporations are usually tax exempt. Their activities usually range from religious, charitable or scientific activities

Renata and Danuta are running a charitable organisation that would be catering for homebound destitute