Series 24: Non-stock Corporations

Taken from our Series 24 Online Guide

Non-stock Corporations

Corporations come in several shapes and sizes. Non-stock corporations are exactly as described, and they may be publicly or privately held. A non-profit corporation is non-stock by definition, since a non-profit is not in business to pay stockholder dividends but rather to provide a public service. It has members instead of stockholders, and any profit

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