Question
Devon is considering opening a not-for-profit business, Pets Have Rights LLC, to raise money to promote ethical and humane treatment of animals by selling mugs
Devon is considering opening a not-for-profit business, Pets Have Rights LLC, to raise money to promote ethical and humane treatment of animals by selling mugs and memorabilia with the group's logo. Which of the following risk factors should she consider in running a not-for-profit business?
a. A not-for-profit business cannot sell memorabilia for a profit to raise funds for the venture
b. The board of directors or trustees of Pets Have Rights LLC must work to maximize shareholder value
c. Pets Have Rights LLC can receive tax deductible donations from contributors but only if it complies with regulations that govern tax certification status for non-profit organizations
d. Not for profit businesses cannot use a legal structure like a corporation or an LLC
e. None of the above
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