Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are some of the limitations imposed upon Nonprofit Corporations?

April 26, 2017corporations imposed limitations nonprofit

0

Posted

What are some of the limitations imposed upon Nonprofit Corporations?

1 Answer

0

Posted

There are a limited number of purposes for which a non-profit may be established. Please see the heading “For what purposes may a nonprofit corporation be formed?” for more information. Directors and officers are forbidden from receiving gains or financial profits from the corporation. The non-profit is forbidden from participating in political campaigns or legislative activity.