Common use of Non-Profit Clause in Contracts

Non-Profit. An organization that is organized and operated exclusively for exempt purposes and none of its earnings may inure to any private shareholder or individual. Corporation. A company recognized by law as a single body with its own powers and liabilities, separate from those of the individual members. Enter the entity's name on the "Legal Name" line and any trade or "doing business as (DBA)" name on the "Business Name" line. S-Corporation. A corporation that is taxed like a partnership: a corporation in which five or fewer people own at least half the stock. Enter the you are subject to backup withholding on whose number you enter in Part I of the form. If you entity's name on the "Legal Name" line and any payments. The 60-day rule does not apply to other