Non-profit corporation
Revision as of 13:50, 11 December 2018 by Gary (talk | contribs) (Created page with "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,...")
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.
