Asked by Kevin Chaffins on May 05, 2024
Verified
Cooperatives may be incorporated or unincorporated.
Cooperatives
A business organization owned and operated by a group of individuals for their mutual benefit.
- Familiarize oneself with the basic notions and contrast between sole proprietorships, partnerships, LLCs, corporations, and cooperatives.
Verified Answer
BB
Becca BrooksMay 10, 2024
Final Answer :
True
Explanation :
Cooperatives can indeed be either incorporated or unincorporated, depending on the legal structure they choose to adopt. This allows them flexibility in how they organize and operate.
Learning Objectives
- Familiarize oneself with the basic notions and contrast between sole proprietorships, partnerships, LLCs, corporations, and cooperatives.