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12 September, 08:19

What is a nonprofit corporation, and how is it different from a C corporation?

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  1. 12 September, 09:05
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    Answer:Nonprofit corporations are regulated under Section 501 (c) of the Internal Revenue Code. Unlike C corporations, the purpose of nonprofit corporations is not to make profits for the owners. Instead, nonprofits are formed for charitable, literary, scientific, religious, and other activities.
  2. 12 September, 11:57
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    A corporation is to make profit

    non-profit coorporation don't have any shareholders, so they serve a different function. Thier focus is on something other than making profit
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