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What is one feature of a nonprofit business that is different from a for-profit business?
Nonprofits are exempt from taxes.
Nonprofits use earnings to pay employees.
Nonprofits use earnings to cover expenses.
Nonprofits qualify for limited liability protection.
One feature that distinguishes a nonprofit business from for-profit businesses is that nonprofits are traditionally exempt from taxes. Given that nonprofits do not seek to raise revenue for profits they are usually exempt from taxes in many countries around the world.
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