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  • by Admin   |  
  • in Corporations   |  
  • May 24th, 2013

Non Profit Corporations are formed for the purpose other than generating a profit, and in which no part of the organization’s income is distributed to its directors of officers.



The IRS recognizes many different types of non profit corporations including:


– Church


– Church Association


– School


– Charity


– Medical Provider


– Legal AID Society


– Volunteer Service Organization


РProfessional  Association


– Research Institute


– Museum


– Sport Association



Being formed with the state as a non-profit corporation does not automatically provide tax-exempt status. Once formed, it must apply for tax-exempt status with the IRS and, in come cases the state.

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