New answers tagged non-profit
0
These are three different words;
Society
Non-Profit (Incorporated)
Charity (Needs to be registered with CRA)
A Charity needs to be either a society or an incorporated non-profit.
But a society need not be a charity. But most Non-Profits are.
The word charity is mainly for taxation purposes.
https://www.canada.ca/en/revenue-agency/services/forms-...
6
An LLC can obtain a 501(c)(3) designation, but all its members/owners must also be 501(c)(3) non-profits.
So if Red Cross and Habitat for Humanity and Goodwill got together to start an LLC, that LLC could obtain a 501(c)(3) designation. If a human person is a member of an LLC, that LLC cannot obtain a 501(c)(3) designation.
I don't think there's any reason a ...
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