Non-Profit Corporations Attorneys
A Non-Profit Corporation is a group organized for purposes
other than generating profit and in which no part of the corporations
income is distributed to its members, directors, or officers. Non-profit
corporations are often termed "non-stock corporations."
They can take the form of a corporation, an individual enterprise (for
example, individual charitable contributions), unincorporated association,
partnership, foundation (distinguished by its endowment by a founder,
it takes the form of a trusteeship), or condominium (joint ownership of
common areas by owners of adjacent individual units incorporated under
state condominium acts). Non-profit corporations must be designated as
non-profit when created and may only pursue purposes permitted by statutes
for non-profit corporations.
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