Nonprofit corporation/Definition: Difference between revisions

From Citizendium
Jump to navigation Jump to search
imported>John Dvorak
imported>Chris Day
No edit summary
Line 1: Line 1:
<noinclude>{{subpages}}</noinclude>
Any of a number of types of corporation recognized by tax authorities as subject to [[nondistribution constraint]]s. Under U.S. law, corporations are "legal personalities". The largest category of nonprofit corporation in the U.S. are exempt from federal (and state) taxation, donations to which may be tax deductible under Section 501(c)3 of the IRS Code.
Any of a number of types of corporation recognized by tax authorities as subject to [[nondistribution constraint]]s. Under U.S. law, corporations are "legal personalities". The largest category of nonprofit corporation in the U.S. are exempt from federal (and state) taxation, donations to which may be tax deductible under Section 501(c)3 of the IRS Code.

Revision as of 23:44, 22 May 2008

This article is developed but not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
 
A definition or brief description of Nonprofit corporation.

Any of a number of types of corporation recognized by tax authorities as subject to nondistribution constraints. Under U.S. law, corporations are "legal personalities". The largest category of nonprofit corporation in the U.S. are exempt from federal (and state) taxation, donations to which may be tax deductible under Section 501(c)3 of the IRS Code.