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Test Non-profit organizations
Agenda
QUESTION 1: WHAT IS A NONPROFIT ORGANIZATION?
A company in which its owners have no personal liability in case of lawsuits
Entity in which no portion of the profits is distributed among its partners and shareholders
Company in which there is only one owner
Entity in which one of the partners has full control and the others only support financially
QUESTION 2: CAN NONPROFIT ORGANIZATIONS TAKE THE FORM OF A CORPORATION?
Yes
No
QUESTION 3: WHAT PERCENTAGE OF NONPROFIT ORGANIZATIONS DECIDE TO FORM A CORPORATION?
0,6
0,7
0,9
0,8
QUESTION 4: WHAT CHARACTERISTICS SHOULD THE NAME CHOSEN FOR THE NONPROFIT ORGANIZATION HAVE?
Must contain the name of the company of its founder
Must contain the name of its founder
Not be duplicated with another entity already registered
It should not be very long
QUESTION 5: WHAT ARE THE LIMITS OF THE CORPORATE BYLAWS?
Forms of operation of the non-profit organization
The name of the non-profit organization
Tax exemptions
The names of the members of the board of directors
QUESTION 6: CAN NON-PROFIT ORGANIZATIONS INCLUDE HOSPITALS?
No
Yes
QUESTION 7: IF THE NON-PROFIT ORGANIZATION IS OPERATED FOR RELIGIOUS PURPOSES, WHAT WILL IT BE EXEMPT FROM?
To have a board of directors
Taxation of taxes
Local statutes and laws
None of the above
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