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In 1968, Fred. C. Church, Inc. was organized as a domestic profit corporation, registering in Massachusetts. Currently it one of New England's largest privately owned, independent insurance agencies, with its principal office located at 41 Wellman Street in Connector Park in Lowell, MA. Presidents/CEOs. Michael S. Reilly (2015-current)
This was reaffirmed in 2010 for Delaware corporations by the case eBay Domestic Holdings, Inc. v. Craig Newmark, et al., 3705-CC, 61 (Del. Ch. 2010)., in which the Delaware Chancery Court stated that a non-financial mission that "seeks not to maximize the economic value of a for-profit Delaware corporation for the benefit of its stockholders ...
501 (c) (3) organization. A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [1] in the US.
A mutual-benefit nonprofit corporation or membership corporation, in the United States, is a type of nonprofit corporation chartered by a state government that exists to serve its members in ways other than obtaining and distributing profits to them. Therefore, it cannot obtain IRS 501 (c) (3) non-profit status as a charitable organization. [4][5]
A for-profit corporation is usually an organization operating in the private sector which sets aims that eventually help the organization itself. This kind of a company makes shares of ownership available to the general public. The purchasers of those shares then become the company's shareholders; shareholders have bought a portion of ownership ...
Act to Incorporate the Massachusetts Institute of Technology, Acts of 1861, Chapter 183 Stereographic card showing an MIT mechanical drafting studio, 19th century (photo by E. L. Allen, left/right inverted) Original Rogers Building, Back Bay, Boston, c. 1901 In 1859, a proposal was submitted to the Massachusetts General Court to use newly filled lands in Back Bay, Boston for a "Conservatory of ...
t. e. A low-profit limited liability company (L3C) is a legal form of business entity in the United States. [ 1 ] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [ 1 ] L3Cs were created to comply with the Internal Revenue Service (IRS) program-related investments (PRIs) rules which ...
Manomet, Inc. Martin Richard Foundation. Massachusett Tribe at Ponkapoag. Massachusetts Animal Rights Coalition. Massachusetts Association for the Blind and Visually Impaired. Massachusetts Consumers' Coalition. Massachusetts Lobstermen's Association. Massachusetts Public Interest Research Group. Massachusetts State Poetry Society.
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