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Can a corporation have a non-profit corporation?

In: Business Law, Incorporation [Edit categories]

Answer:

Yes, to take care of all the other biz which is non-givernmental n profit oriented.

First answer by ID2081252537. Last edit by ID2081252537. Question popularity: 2 [recommend question].

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What is a non profit corporation?
A corporation that enjoys all the rights of a corporation, but without a profit goal. Most charities, educational institutions, home owner associations and so forth, are non-profit corporations....
Can a non-profit corporation have an owner?
Actually, with nonprofits there is a way for say the founder to make sure they can't be voted out or that the board doesn't decide to go another direction. When the bylaws are written it is possible...
Who is the manager a non profit corporation?
The manager of a nonprofit organization is typically called the Executive Director. Recently, they are being called CEOs, though. The two are interchangeable, unless someone is really picky....
Is American red cross a profit of non profit corporation?
The ARC is a non-profit corporation.
Can a director of a non profit corporation also be an employee of he company?
Yes.