True or False? If you want to retain earnings for expansion, an S-Corporation will enable you to do that.

a. True
b. False

True or False? A nonprofit corporation is not permitted to make a profit.

a. True
b. False

True or False? Nonprofit corporations are always tax exempt, so donors can get a tax write-off.

a. True
b. False

n LLC exhibits which characteristics of a corporation? (Select all that apply.)

a. Free transferability of interests

b. A legal entity

c. Continuity of life

d. Centralized management

e. Limited liability

n LLC exhibits which characteristics of a corporation? (Select all that apply.)

a. Free transferability of interests

b. A legal entity

c. Continuity of life

d. Centralized management

e. Limited liability