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A non-profit corporation is incorporated as a non-business entity or not-for-profit organization in order to achieve or advocate a specific social cause. These organizations, to achieve a particular goal, use their surplus income for a social purpose rather than the distribution of dividend among its shareholders or members.<br>https://enterslice.com/us/non-profit-corporation-registration
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Non-Profit Corporation
Non-profit Corporation Registration A non-profit corporation is incorporated as a non- business entity or not-for-profit organization in order to achieve or advocate a specific social cause. These organizations, to achieve a particular goal, use their surplus income for a social purpose rather than the distribution of dividend among its shareholders or members.
Categoriesof Non-profit corporation Veterans Organizations Public, Charitable or religious organizations Social welfare organizations Labour Unions Trade or Professional Organizations Business Foundations
Procedure of Non-profit corporationregistration TheprocessofNon-profitcorporationregistrationintheUSAis almostsimilartothatofafor-profitorganization. However, thereare specificvariationsintheprocess.
Procedure to achieve 501C3status FirstcriteriaarethattheBoardofDirectorsneedstobeindividualsand notfirmsasperrulesprescribedbyvariousstatesintheUSA. Thenon-profitorganizationisrequiredtocreateapurposestatement asperguidelinesgivenbyvariousstatesandIRS. Therearevarious typesofnon-profitorganizationswhichhaveadifferentscopeofwork. Asperitscategory, anon-profitorganizationisrequiredtomentionthe scopeofworkinthepurposestatement. Alltheassetsofanorganizationneedtobededicatedtoother charities, especiallythedissolutionstatementofcorporate.
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