What is a nonprofit corporation?

Answer A nonprofit corporation is a tax-exempt corporation. Nonprofit corporations are often known as "501(c)(3)s," too, because most receive federal tax exemption under Section 501(c)(3) of the Internal ... Read More »

Top Q&A For: What is a nonprofit corporation

New Mexico Nonprofit Corporation Act?

The New Mexico Nonprofit Corporation Act indicates rules and regulations for forming and operating a domestic nonprofit corporation in the state of New Mexico. A New Mexico nonprofit corporation do... Read More »

Who owns a nonprofit corporation?

A not-for-profit corporation does not have owners. Board members, directors and employees may run the company, but they do not have an ownership stake. If a nonprofit corporation dissolves, all p... Read More »

How to Create a Nonprofit Corporation?

A nonprofit corporation is an entity whose main purpose is to accomplish a goal rather than accumulate earnings and profits. Typically, nonprofit corporations strive to attain nonprofit status unde... Read More »

How to Draft a Nonprofit Corporation Resolution?

A nonprofit board of directors has the responsibility to focus the direction of the organization toward its stated mission. Resolutions, or expressions of the will of the board on certain topics, h... Read More »