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

  • Grievances
    Grievances refers disputes caused by contract violations or different interpretations ...
  • Business Model
    Business model is a company’s plan for how it competes, uses its resources, structures ...
  • Small Business Administration (SBA)
    Small Business Administration (SBA) is the principal government agency concerned with ...
  • Idea
    An idea is a thought, an impression, or a notion. ...
  • Free enterprise
    Free enterprise is a system in which private businesses are able to start and do business ...