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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.
35:
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
122:. 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.
133:. 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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91:, 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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281:"Business Programs :: California Secretary of State"
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Tax
Information for Churches and Religious Organizations
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103:is a nonprofit corporation organized to promote
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67:, and organized primarily or exclusively for
87:in that they are organized for the general
563:Distributional cost-effectiveness analysis
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256:"IRS page on Mutual Benefit Corporations"
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44:, and treated differently in other ways.
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16:For broader coverage of this topic, see
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417:Charitable trust / Registered charity
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149:Mutual-benefit nonprofit corporations
131:public benefit nonprofit corporations
127:mutual benefit nonprofit corporations
85:mutual-benefit nonprofit corporations
48:Public-benefit nonprofit corporations
454:Public-benefit nonprofit corporation
439:Mutual-benefit nonprofit corporation
155:mutual-benefit nonprofit corporation
54:public-benefit nonprofit corporation
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673:Master of Nonprofit Organizations
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337:Charitable giving and practices
661:List of charitable foundations
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444:Non-governmental organization
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734:Public benefit corporations
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614:Charity / thrift / op shop
490:Charity (Christian virtue)
193:is an example of an MBNC.
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538:Animal Charity Evaluators
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729:Non-profit corporations
180:charitable organization
178:non-profit status as a
42:for-profit corporations
656:Ethics of philanthropy
649:Psychological barriers
449:Nonprofit organization
18:Nonprofit organization
474:Voluntary association
469:Religious corporation
101:religious corporation
95:Religious corporation
25:nonprofit corporation
619:Click-to-donate site
483:Charity and religion
191:utility cooperative
644:Effective altruism
629:Donor-advised fund
594:Alternative giving
573:Giving What We Can
548:Charity assessment
525:Charity evaluation
361:Charity (practice)
120:Secretary of State
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688:Visiting the sick
553:Charity Navigator
533:Aid effectiveness
464:Social enterprise
386:Humanity (virtue)
40:differently from
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708:Warm-glow giving
703:Wall of kindness
693:Voluntary sector
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258:. Archived from
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137:Corporation sole
65:state government
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634:Donor intent
558:CharityWatch
459:Service club
434:Crowdfunding
396:Volunteering
391:Philanthropy
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264:. Retrieved
260:the original
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77:recreational
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33:incorporated
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381:Fundraising
344:Main topics
162:corporation
73:educational
61:corporation
723:Categories
666:wealthiest
422:Foundation
407:charitable
366:Compassion
266:2013-06-05
209:References
169:government
107:purposes.
81:charitable
405:Types of
176:501(c)(3)
159:nonprofit
105:religious
58:nonprofit
683:Telethon
568:GiveWell
505:Tzedakah
371:Donation
356:Altruism
197:See also
116:province
510:Sadaqah
427:Private
376:Empathy
27:is any
543:Candid
69:social
624:Drive
515:Zakat
500:Tithe
284:(PDF)
166:state
129:, or
112:state
38:taxed
495:DÄna
351:Alms
173:IRS
114:or
79:or
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189:A
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