No, the S Corporation is a profit corporation. Whenever they make loses or profits, it is usually divided among the shareholders.
The American Red Cross is a nonprofit corporation.
Yes, to take care of all the other biz which is non-givernmental n profit oriented.
non-profit corporation
To qualify as a non-profit corporation in the United States, only one employee is necessary. And, that employee can be a volunteer.
If the association is structured as a non-profit corporation, then that's what it is.If the association makes money on its assets, for example, by renting its clubhouse, or operating a for-profit golf course, then the corporation would be structured as a for-profit corporation.Your governing documents will tell you whether your association is a non-profit corporation or of another type.
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
Whether it is a profit or non-profit corporation can be ascertained from the company prospectus, its nature of activities,future plannings etc.
No. Answers.com (the company's official name is Answers Corporation) is not a non-profit. It's a for-profit publicly traded company on the NASDAQ.
The profit retention for an s corporation is higher. This is as a result of being exempted from federal taxes and enjoys many tax advantages.
Yes.
The address of the Gooney Bird Group A Non Profit Corporation is: 1850 Templeton Road, Templeton, CA 93465-8310
Associations usually are 501 (c) 4s and charities are 501 (c) 3s. The difference is that 4's cannot accept charitable donations and 3s can.