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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.
Mcclarty- most non-profits do, and must, have a profit goal in order to sustain. It usually is not their primary goal, and many of the actions taken on their behalf are not profit oriented. A primary difference is that a non-profit may not use its profits to then "inure" (benefit) the various officers and directors. Employees are entitled to a salary, but unlike a for-profit, if profit is made it must then go back into the organization.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoNot-for-profit corporations, formed under the nonprofit laws of their respective states, have members instead of stockholders. Any income made cannot be distributed to the members.
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Examples of a corporation?
general corporation Close corporation Limited Liability Corporation
What is corporation in a sentence?
The corporation exists to make a profit. The generosity of the corporation is admirable. The corporation has great benefits for their employees.
What is a Delaware corporation?
A Delaware corporation would be a corporation that is incorporated in the state of Delaware.
When a corporation receives a dividend from another corporation how is it taxed?
Dividends are income to the receiving corporation. If it is a sub-chapter S corporation, it is income to the shareholders, as is any other income of the corporation.
Who are the creditors of a corporation?
Bondholders are creditors of a corporation; they have loaned the corporation money and received bonds as evidence of the corporation's. Stockholders, both common and preferred, are owners of a corporation. (STOCKHOLDERS ARE NOT THE CREDITOR)
Who is responsible for a corporation debt?
the corporation
Who is responsible for the debt of a corporation?
the corporation
Is Nike a corporation or franchise?
corporation
Is UFC a Corporation?
Yes. It is a corporation
Why to have corporation?
A corporation shields one from personal liability. A corporation can keep ownership confidential. A corporation may have income tax advantages.
What is the difference between a public corporation a private corporation and a crown corporation?
"Public Corporation" can refer to a corporation that offers shares on the public market, or it can refer to a corporation that is owned by the government. Similarly, "Private Corporation" can refer to any corporation that is not government owned, or a corporation that does not list its shares on public share markets. A "crown corporation" is one that is owned by the government. This term is more widely used in UK, some Commonwealth countries and other monarchies.
Who are the main creditors of a corporation?
Bondholders are creditors of a corporation; they have loaned the corporation money and received bonds as evidence of the corporation's. Stockholders, both common and preferred, are owners of a corporation. (STOCKHOLDERS ARE NOT THE CREDITOR)
