Is a nonprofit an S or C corporation?
Is a nonprofit an S or C corporation? No, a nonprofit corporation is not a C corporation. Nonprofit corporations are regulated under Section 501(c) of the Internal Revenue Code. Instead, nonprofits are formed for charitable, literary, scientific, religious, and other activities. Some nonprofit corporations have IRS tax-exempt status. Is an S corporation a nonprofit? To … Continue reading Is a nonprofit an S or C corporation?
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