Question

distinguish between business organization and not for organization
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Answer 1

Answer:

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Non-profit organizations have no owners. ... While nonprofits are not required to pay taxes on net income, they are responsible for state and property taxes. Another difference between a nonprofit and for-profit organization is that a for-profit will put together an income statement each quarter.

Answer 2

Answer:

Non-profit organizations have no owners. ... While nonprofits are not required to pay taxes on net income, they are responsible for state and property taxes. Another difference between a nonprofit and for-profit organization is that a for-profit will put together an income statement each quarter.