Which of the following is a business organization that involves two or more individuals working for a common nonprofit purpose?

Prepare for the New Brunswick Bar Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The correct answer is an unincorporated association because this type of business organization consists of individuals who come together for a common nonprofit purpose. Unincorporated associations do not have a formal structure like a corporation and are characterized by the collaborative efforts of members working toward a mutual aim that does not involve distributing profits among members.

In contrast, a partnership involves two or more individuals who agree to operate a business for profit, making it distinct from the nonprofit focus of an unincorporated association. A sole proprietorship is operated by a single individual, and while it can be a simple and direct form of business, it does not involve multiple people working together in a nonprofit capacity. A corporation is a more formal legal entity that is created for conducting business and usually aims for profit generation, making it incompatible with the concept of a nonprofit purpose as mentioned in the question.

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