Difference between revisions of "Non-profit corporation"
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Revision as of 13:50, 11 December 2018
A non-profit corporation (hereinafter, the Corp) is a nonprofit organization in a form of a corporation. The Corp itself is not banned from making profit, but cannot move this profit to its stockholders as dividends. Its possible surplus of the revenues shall be directed to further achieve the ultimate objective of the Corp and not distributing its income to the organization's shareholders, leaders, or members.
