Non-profit corporation
A non-profit corporation (hereinafter, the Corp) is a corporation cannot distribute its income to the Corp's shareholders, leaders, or members. Particularly, the Corp cannot pay any dividends to its stockholders. The Corp can also be defined as a nonprofit organization in a form of a corporation.
The Corp itself is not banned from making profit. However, the Corp must direct its possible surplus of the revenues to further achieve the ultimate objective of the Corp. Those objectives commonly include social, economic, cultural, and/or environmental causes.
