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Cheat Sheet: Non Profit Companies
Wednesday/August/20 00:56
What is a Non-Profit Corporation?
A Nonprofit corporation has no shareholders and cannot pay dividends. Instead of stockholders, the nonprofit has “members”, who generally pay dues for membership. Essentially, the shareholder of a nonprofit company is the “public good”. Under IRS Code 501 (c)(3) a nonprofit corporation may be formed to operate for some religious, charitable, educational, literary, or scientific purpose. Read More...