ALL >> Business >> View Article
Section 8 Company
Section 8 company is a corporation, registered as a Non-Profit Organization (NPO). The major intent contains the promotion of arts, commerce, charity, education, protection of the environment and so forth. Thus, the application of its profits, if any, or other income is utilized for the purpose of promoting the objectives. It functions similarly like a limited company which includes all the rights and obligations that come with such a corporation. It is vital to mention that it differs from a corporation in one very crucial aspect, that it cannot use the words “Section 8” or “Limited” in its name.
These are limited corporations which are registered under the Companies Act and would be treated as limited companies without the phrase “limited” added towards their name. They might have been registered as private limited or public limited companies.
Section 8 Companies are a lawful form for Non-Profit Organizations (NPOs) or Non-Governmental organizations (NGOs). A Section 8 Company has the right to work anyplace in the nation.
Add Comment
Business Articles
1. Lucintel Forecasts Space Semiconductor Market To Reach $2 Billion By 2030Author: Lucintel LLC
2. Metal Business Cards - Minimalist Elegance
Author: Angus Carruthers
3. Choose More Beneficial Digital Cards For Your Business
Author: Cameron Torreggiani
4. Call Answering Services - Maintaining Quality Service During Peak Times
Author: Eliza Garran
5. Your Gateway To Thrills: How To Create A King Exchange Account
Author: King Exchange
6. Seamless Access To Excitement: King Exchange Login And Sign-up
Author: King Exchange
7. High Voltage (hv) Cable Market Growth, Trends, Size And Share Analysis
Author: Delvens
8. Lucintel Forecasts Photoinitiator Market To Reach $1 Billion By 2030
Author: Lucintel LLC
9. Create A Unique Brand Image With Qr Code Business Card!
Author: Sean Farrow
10. Why Should One Go For Carbon Neutral Certification?
Author: Agile Advisors
11. The Glow Of Nature: Why Natural Beeswax Candles Shine Bright
Author: Beesandwax
12. Local Seo Services In Ontario: Boost Your Business With Expert Strategies From Eunorial Consulting
Author: Emma Anderson
13. Sls 3d Printing | Sls 3d Printing Service
Author: Locanam 3d printing
14. Features Of Emerged Style Gurkha Pants: Durability, Comfort, And Style
Author: Komal Raj
15. Accenture To Acquire Parsionate, Expanding Its Ability To Help Clients Accelerate Data Readiness And Drive Generative Ai Adoption
Author: otis