public benefit corporation
- public benefit corporation
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A public benefit corporation is usually a corporation created by the government that performs a specific function for the benefit of the public, such as a public library or an adult day center. More broadly, a public benefit corporation can mean any corporation created for a charitable purpose, though these are usually called nonprofit or not-for profit corporations if they are not created by the government. Some states (California for example) define any charitable corporation as a public benefit corporation.
Category: Nonprofits → Starting a Nonprofit Corporation
Nolo’s Plain-English Law Dictionary.
Gerald N. Hill, Kathleen Thompson Hill.
2009.
- public benefit corporation
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n.
a term used in some states for a nonprofit community service corporation. Typical examples are clubs like Kiwanis, Rotary, soroptimists and Lions.
Law dictionary.
EdwART.
2013.
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