Non-Profit Corporation
A non-profit corporation is created to help people achieve a common purpose. It provides a useful and inexpensive structure for the enterprise of groups of all sizes, from community campaigns or events to perpetual and diverse activities by hundreds and thousands of people.
A non-profit corporation may be formed for any lawful purpose, but not for financial profit. It is an organizing structure useful to small and large-scale activities, involving only a few people or many hundreds of people. It does not require large sums of money and it can be prepared initially by following a few simple rules:
it may not have shareholders or pay dividends; and
it may compensate members, officers, and trustees, (in reasonable amounts) for services rendered.