Secured with SHA-256 Encryption
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
A not for profit corporation is one specifically formed for purposes other than operating a profit-seeking business. Examples of not for profit companies are ones with charitable, religious, education, or scientific purposes. The purpose of the organization and the structure of the organization will determine whether a not-for-profit corporation will qualify for tax exemption status under 501(c).
→ Read MoreThe general definition of a public purpose corporation or public benefit corporation, is a corporation chartered by the state, usually formed to perform a government function. Some states define a public purpose corporation as any non-profit or charitable corporation, even if it is created by private parties.
→ Read MoreA closely held corporation or a private corporation is one that is owned by private individuals who do not trade or sell their shares of ownership. This is in contrast to a publicly held company. Typically, closely held corporations are not subject to the same stringent reporting requirements as most public corporations.
→ Read MoreProfessional Corporations, or PCs (also called Professional Service Corporations)were created to allow certain kinds of professionals (e.g., doctors, lawyers, accountants, engineers, and so forth) to do business as a professional corporation.
→ Read MoreA C corporation is a business that is a distinctly separate business and tax identity from its owners. Because it is not an S corporation, sometimes a C corporation is referred to as an ordinary corporation. The owners are shareholders rather than partners or proprietors. While a C corporation takes more time and effort to organize than other business entities, the key benefit of a C corp is that the business owners and their assets are protected from liability for business debts and judgments.
→ Read MoreFind the right lawyer for your legal issue.
Secured with SHA-256 Encryption
