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split it equally

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11y ago

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What is domestic profit corporation?

domestic Profit Corporation


What is eleemosynary corporation?

a corporation that both receives and dispenses charity


Is an S Corporation a Non Profit?

No, the S Corporation is a profit corporation. Whenever they make loses or profits, it is usually divided among the shareholders.


What is the difference between corporation and nonprofit corporation?

A corporation such as Microsoft tries to make as much profit as possible where as a non profit Corporation such as a hospital isn't looking to make money


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Employees and stockholders.


Can a corporation have a non-profit corporation?

Yes, to take care of all the other biz which is non-givernmental n profit oriented.


How you can know about a corporation type?

Whether it is a profit or non-profit corporation can be ascertained from the company prospectus, its nature of activities,future plannings etc.


Is the American Red Cross non profit?

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Each time securities are traded on the secondary market the issuing corporation receives of the selling price?

No. When securities are traded the issuing corporation receives nothing. The broker enabling the trade receives a fee. That is it. The issuing corporation only gets its money when it issues its stock at the initial offering.


Would the electrical company be a nonprofit or profit corporation?

The electrical company is a profit corporation. Such a company will provide electrical services which may be difficult without a profit factor so it is almost impossible to have non-profit electrical company.