Definition

Nonprofit corporations

Nonprofit corporations are organizations formed to further the interests and objectives of educational, religious, social, charitable, and cultural groups. No stock is issued, but the members of the organization enjoy the advantage of limited liability.


Nonprofit corporation is an incorporated enterprise (e.g., university, charity, church) that is not driven by a profit-seeking motive.

Share it:  Cite

More from this Section

  • Trade Secret Protection Methods
    Aggressive protection of trade secrets is necessary to prevent intentional or unintentional ...
  • Price-to-earnings (P/E) ratio
    Price-to-Earning (P/E) ratio is a simple ratio that measures the price of a company’s ...
  • Warehousing
    The receiving, storing, and shipping activities involved in the physical distribution ...
  • Corridor Principle
    Corridor principle is which states that once an entrepreneur starts a firm and becomes ...
  • Liquidity Event
    Liquidity event refers to an occurrence such as a new venture going public, finding a ...