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Benefit corporation or public-benefit corporation, for profit but with positive impact Public-benefit nonprofit corporation , chartered by a state government New York state public-benefit corporations , quasi-governmental authorities
A public benefit corporation is a legal entity that is organized and taxed as either an S corporation or C corporation. [39] Founders will want to keep in mind that C-corporations experience a double tax associated with profits and again with dividends or payouts to shareholders. [ 40 ]
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
A public-benefit nonprofit corporation [1] is a type of nonprofit corporation chartered by a U.S. state government and organized primarily or exclusively for social, educational, recreational or charitable purposes by like-minded citizens.
This is a list of benefit corporations This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources .
New York Local Government Assistance Corporation; New York State Authorities Budget Office; New York state public-benefit corporations; New York State Thoroughbred Breeding and Development Fund Corporation; Nonprofit corporation
About Wikipedia; Contact us; Contribute Help; Learn to edit; Community portal; ... Public benefit corporations (2 C, 16 P) Pages in category "Benefit corporations"
Public benefit corporations in New York (state) (1 C, 50 P) Pages in category "Public benefit corporations based in the United States" The following 12 pages are in this category, out of 12 total.