What is a non -profit organization?

business operation for profit is an organization that provides goods and/or services. It is usually private and created with the intention to earn a profit that will allow business growth and enrich the owner. A non -profit organization or non -profit organization (NPO) is a concept in multiple countries. Although the main roofing criteria are that the organization is not organized or operated in a manner that benefits or benefits private interests, there are some differences in the laws defining non -profit organizations at different locations. This shows that it is decisive for the initial organization to firmly understand the laws governing the non -profit organization in any jurisdiction hoping to be recognized. The purposes of liberation are educational, charity, religious, scientific, literary, encouraging national or international competition of amateur sports enthusiasts, performing public security testing or working to prevent abuse of children or animals. Church and Religious Organizations and Political OrganizationACE is examples of non -profit organizations, but also include organizations of veterans, social clubs, fraternal organizations, associations of employee benefits, agricultural and work of associations and social security organizations. In an interview with a call, all these different types of organizations are sometimes referred to as charity organizations . Non -profit organizations in the United States are limited to the extent that they can participate in political and legislative lobbying and are exempt from tax.

in Canadian law, non -profit organization, also referred to as a non -profit organization, is defined in the income tax subsection 149 (1) (L). Unlike the non -profit organization in the United States, in Canada, there is a sharp difference between a charity organization and a non -profit organization. Although both types of organization are exempt from tax, charity status is achieved by applications and registration while NeziSkay status is achieved by meeting four criteria. Four criteria for the non -profit organization in Canada are: it must not be a charity; Must be organized exclusively for the purpose of civic improvement, social security, pleasure, recreation or any alternative purpose that does not include profit; shall be operated for the purpose for which it has been organized or other qualifying purposes; And he cannot use any of his income in favor of any member, shareholder or participant, with the exception of Canadian amateur athletes.