How are cooperatives similar to nonprofit organizations.

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17-03-2022
Business

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How are cooperatives similar to nonprofit organizations.

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clarkmar003 clarkmar003 · Answer 1 · 2022-03-17T16:11:14+01:00

clarkmar003 clarkmar003

17-03-2022

A nonprofit organization that is tax-exempt appears similar to a cooperative that operates on “not-for-profit” basis and doesn't pay taxes on some of its earnings. Both nonprofits and cooperatives can have members and use member-based governance.

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