Posts Tagged‘non-profit’

What Is Non-Profit Organization Entity Type?

A non-profit organization entity is an organization or business that does not make a profit. Any money made through conducting their business goes to enacting its mission rather than earning owners or shareholders money. Examples of non-profits include education programs, community organizations, religious organizations, veteran groups and social clubs. Forming a Non-Profit Entity When you form your non-profit organization, it is important to choose the right designation and structure so you do not run into problems down the line. What designates an organization as a non-profit is a tax-exempt status rather than an entity type. The most common business structures…