tax exempt organizations Tag Archives — Indiana Business Law Blog Published by Indianapolis Corporate Attorneys — Harshman Ponist Smith & Rayl, LLC Tue, 28 Nov 2023 18:41:56 +0000 en-US hourly 1 Who owns a nonprofit corporation? https://www.hpindiana.law/business-blog/who-owns-a-nonprofit-corporation/ Sat, 02 Sep 2023 05:29:13 +0000 https://businesslaw.hpindiana.law/blog/?p=2127 The answer to that question is remarkably simple but surprising to many: No one owns a nonprofit corporation. To understand why that is so, let’s compare nonprofit corporations to for-profit or business corporations. Business Corporations Imagine you buy 100 shares of common stock in a corporation on the New York Stock Exchange.  Congratulations!  You’re a […]

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]]> Non Profit. Magnifying glass, stationery on the office desk.The answer to that question is remarkably simple but surprising to many: No one owns a nonprofit corporation. To understand why that is so, let’s compare nonprofit corporations to for-profit or business corporations.

Business Corporations

Imagine you buy 100 shares of common stock in a corporation on the New York Stock Exchange.  Congratulations!  You’re a shareholder.  Your 100 shares of stock give you specific economic and noneconomic rights.

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