Nonprofit Public Benefit Corporation

https://youtu.be/zg7u3Q_sj4U WHAT IS A NONPROFIT PUBLIC BENEFIT CORPORATION? A Nonprofit Public Benefit Corporation must be formed for public or charitable purposes and cannot be formed for private gain of any individual.  Public benefit purposes include organizations such as childcare centers, shelters for homeless people, community health care clinics, museums, hospitals, schools, performing arts groups, conservation groups, and affordable housing groups.   The Public Benefit Corporation is legally restricted in that all its assets must be irrevocably dedicated to charitable, scientific, or educational purposes.  In this sense, the nonprofit corporation is owned by the public. No private individual can claim ownership [...]