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LegalHelper.NET, the owner of this site, is not affiliated and does not claim to be affiliate with either
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Non Profit Corporation - Tax Exemption under 501(c)(3). In contrast to the other types of corporations discussed herein, under Federal Tax Code Section
501(c)(3), a tax-exempt corporation cannot pay dividends AND, upon dissolution, must distribute
its remaining assets to another nonprofit group or certain other recipients as mandated by the
statutes.
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Return to all incorporate, llc facts
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