Results for: Nonprofit

What is a nonprofit corporation?

A nonprofit corporation is an organization or company that gains money through sales and keeps 100% of the profit. Income and any surplus funds are not distributed to owners o (MORE)

Can an LLC be a Nonprofit?

Some statesdo allow non-profit LLcs It is my understanding that some states allow non-profit LLCs. I'm an attorney in Missouri, and a friend at the local Secretary of State o (MORE)

Can you get paid from a nonprofit?

Yes, pay is usually dependent on the non-profit and more specifically depending on the role of the person within the organization. Non-profit status companies range from th (MORE)

Why can corporations be nonprofit?

Almost all nonprofits are corporations, but all corporations arenot nonprofits. The term corporation is a business and legal statusthat offers liability protection to the owne (MORE)

What are nonprofit BUSINESS?

In it's simplest form, a nonprofit business is an organization that operates completely like a normal business EXCEPT it's bottom line is $0. There is generally more of an emp (MORE)

Who regulates nonprofits?

Nonprofits are regulated by a variety of entities. The IRS isparamount as it grants tax exempt status and also requires a 990tax form be filed annually. The Secretary of State (MORE)
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What does a nonprofit treasurer do?

The Treasurer usually chairs the Finance Committee, which workswith the staff in the financial department, if there is one, todevelop and review the financial reports, underst (MORE)