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A mutual-benefit corporation can be non-profit or not-for-profit, but it still must pay regular corporate tax rates. A mutual benefit corporation will pay the same taxes as a regular for-profit corporation, with C corporation tax rates. Mutual benefit corporations must still file tax returns and pay
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income tax because they are not formed for a purpose from which anyone in the world could benefit. Mutual benefit corporations are formed for nonprofit purposes like managing a condo association, a downtown business district, or a homeowners' association.
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under the law of its jurisdiction for purposes other than making profits for its owners or shareholders. Depending on the laws of the jurisdiction, a nonprofit corporation may seek official recognition as such, and may be
133:. Religious corporations are formed like all other nonprofit corporations by filing articles of incorporation with the state. Religious corporation articles need to have the standard tax exempt language the IRS requires.
144:. Depending on the state in which they are located, they may also be exempt from some of the inspections or regulations governing non-religious groups performing the same services.
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Religious corporations are subject to less rigorous state and federal filing and reporting requirements than many other tax-exempt organizations, such as
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government. The government agency responsible for regulating such corporations is usually the official holder of records, for instance a state
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that exists to serve its members in ways other than obtaining and distributing profits to them. Therefore, it cannot obtain
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Henriques, Diana B. (8 October 2006). "Religion Trumps
Regulation As Legal Exemptions Grow". NY Times. pp. A1.
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102:, rather than for the interest of its members. They are also distinct in the law from religious corporations.
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Often these types of corporations are recognized under the law on a subnational level, for instance by a
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purposes by like-minded citizens. Public-benefit nonprofit corporations are distinct in the law from
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Religious corporations are permitted to designate a person to act in the capacity of
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California Code - Part 2: Nonprofit Public
Benefit Corporations [5110. - 6910.
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Organization of
California Nonprofit, No Stockman Corporations
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or membership corporation, in the United States, is a type of
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292:"Business Programs :: California Secretary of State"
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Tax
Information for Churches and Religious Organizations
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114:is a nonprofit corporation organized to promote
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78:, and organized primarily or exclusively for
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574:Distributional cost-effectiveness analysis
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267:"IRS page on Mutual Benefit Corporations"
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55:, and treated differently in other ways.
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27:For broader coverage of this topic, see
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428:Charitable trust / Registered charity
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160:Mutual-benefit nonprofit corporations
142:public benefit nonprofit corporations
138:mutual benefit nonprofit corporations
96:mutual-benefit nonprofit corporations
59:Public-benefit nonprofit corporations
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450:Mutual-benefit nonprofit corporation
166:mutual-benefit nonprofit corporation
65:public-benefit nonprofit corporation
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684:Master of Nonprofit Organizations
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348:Charitable giving and practices
672:List of charitable foundations
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455:Non-governmental organization
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745:Public benefit corporations
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625:Charity / thrift / op shop
501:Charity (Christian virtue)
204:is an example of an MBNC.
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549:Animal Charity Evaluators
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740:Non-profit corporations
191:charitable organization
189:non-profit status as a
53:for-profit corporations
667:Ethics of philanthropy
660:Psychological barriers
460:Nonprofit organization
29:Nonprofit organization
18:Non-profit corporation
485:Voluntary association
480:Religious corporation
112:religious corporation
106:Religious corporation
36:nonprofit corporation
630:Click-to-donate site
494:Charity and religion
202:utility cooperative
655:Effective altruism
640:Donor-advised fund
605:Alternative giving
584:Giving What We Can
559:Charity assessment
536:Charity evaluation
372:Charity (practice)
131:Secretary of State
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699:Visiting the sick
564:Charity Navigator
544:Aid effectiveness
475:Social enterprise
397:Humanity (virtue)
51:differently from
16:(Redirected from
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719:Warm-glow giving
714:Wall of kindness
704:Voluntary sector
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645:Donor intent
569:CharityWatch
470:Service club
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402:Philanthropy
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275:. Retrieved
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88:recreational
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44:incorporated
40:legal entity
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392:Fundraising
355:Main topics
173:corporation
84:educational
72:corporation
734:Categories
677:wealthiest
433:Foundation
418:charitable
377:Compassion
277:2013-06-05
220:References
180:government
118:purposes.
92:charitable
416:Types of
187:501(c)(3)
170:nonprofit
116:religious
69:nonprofit
694:Telethon
579:GiveWell
516:Tzedakah
382:Donation
367:Altruism
208:See also
127:province
521:Sadaqah
438:Private
387:Empathy
38:is any
554:Candid
80:social
635:Drive
526:Zakat
511:Tithe
295:(PDF)
177:state
140:, or
123:state
49:taxed
506:DÄna
362:Alms
184:IRS
125:or
90:or
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