Read More – Non-Profit Corporations

Read More – Non-Profit Corporations

Though non-profit corporations exhibit many of the same characteristics as regular for-profit corporations, they are treated much differently by the state. Generally, non-profit corporations deal with educational, social, religious, civic, or other humanitarian issues. While the incorporators, board of directors, and officers may receive a reasonable salary to perform their administrative duties, they do not receive distributions of profits generated by the corporation. There are no shareholders in non-profit corporations.

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