Question

which one is an example of a nonprofit? target home depot hinsdale animal shelter lash studio check off the structures that only get taxed once. sole proprietorship partnership llc corporation

Explanation:

First Question (Which one is an example of a nonprofit?):

Nonprofits are organizations that operate for a purpose other than generating profit, often for social, charitable, or public service. Target, Home Depot, and Lash Studio are for - profit businesses. Hinsdale Animal Shelter likely operates to help animals (a charitable/service - oriented goal) without aiming for profit.

• Sole Proprietorship: The business income is taxed as the owner's personal income, so it is taxed once.
• Partnership: The profits pass through to the partners and are taxed as the partners' personal income, taxed once.
• LLC (Limited Liability Company): By default, it is a pass - through entity, and income is taxed at the owner's personal level, taxed once.
• Corporation: Corporations are taxed at the corporate level, and then when profits are distributed as dividends, shareholders are taxed again (double taxation). So sole proprietorship, partnership, and LLC are taxed once.

Answer:

C. Hinsdale Animal Shelter

Second Question (Check off the structures that only get taxed once):