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An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows:
Charities are organizations that are set up to provide help and raise money for those in need. [7] Traditional charities aim to provide a service to the needy with no profits earned for the owners of the organization. All the money that is donated to the organization is used for the purpose of the business and is used to pursue their objectives ...
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.
Musk's attorney Marc Toberoff sent a letter to the states' top law officers on Tuesday in which he argued they should provide a process for competitive bidding to determine fair market value of ...
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Some artists start their webcomics without the intention of making money off of them directly; instead, they choose to distribute online for other reasons, like receiving feedback on their abilities. Other artists start creating a webcomic with the intention of becoming a professional, but often don't succeed in part because they "put the ...