A non-profit corporation is organized primarily to serve a public or mutual benefit rather than to generate profit for owners or shareholders. Any surplus revenue is reinvested into the organization's mission, and they often qualify for tax-exempt status. In contrast, a C corporation is for-profit and owned by shareholders who benefit from its profits through dividends and capital gains. C corporations are subject to corporate income tax, and any profits distributed as dividends are also taxed at the individual level, leading to double taxation.
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