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In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
Religious corporations are permitted to designate a person to act in the capacity of corporation sole. This is a person who acts as the official holder of the title on the property, etc. There are four different forms of religious corporations with regard to their laws and the way they function within government.
[37] [38] A private nonprofit organization, GuideStar, provides information on 501(c)(3) organizations. [39] [40] ProPublica's Nonprofit Explorer provides copies of each organization's Form 990 and, for some organizations, audited financial statements. [41] Open990 is a searchable database of information about organizations over time. [42]
A mutual-benefit corporation can be non-profit or not-for-profit in the United States, but it cannot obtain IRS 501(c)(3) non-profit status as a charitable organization. [1] It is distinct in U.S. law from public-benefit nonprofit corporations, and religious corporations. Mutual benefit corporations must still file tax returns and pay income ...
A corporation sole is a legal entity consisting of a single ("sole") incorporated office, occupied by a single ("sole") natural person. [1] [2] This structure allows corporations (often religious corporations or Commonwealth governments) to pass without interruption from one officeholder to the next, giving positions legal continuity with subsequent officeholders having identical powers and ...
The Commission included a variety of religious representatives, including Judaism and Islam. In addition to the religious panel, there was also a legal panel, and a non-profit panel. [12] In April 2011, ECFA named members to the commission. [13] ECFA was the sponsor and host for the commission and responsible for the logistical costs of the ...
Each affiliated member church of MCC is a self-governing, legally autonomous body, is vested in its congregational meeting which exerts the right to control all of its affairs, subject to the provisions of the UFMCC Articles of Incorporation, bylaws, or documents of legal organization, and the General Conference. An ordained pastor provides ...
Although the Torcaso decision dismissed enforcement of religious requirements for office as unconstitutional in the United States, antiquated provisions barring atheists from occupying political offices were not immediately stricken from state legislation. As a result, a number of lawsuits were initiated after 1961 to secure the right to hold ...
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