united-states business non-profit
What are the legal obligations of non-profit organizations as distinct from for-profit?
<p>For-profit businesses have many obligations such as paying taxes, keeping records, fair hiring practices, proper classification of employees, etc.</p>

<p>Many of these obligations are shared by non-profit organizations.</p>

<p>Many for-profit obligations are not required for non-profit organizations, such as paying taxes.</p>

<p>But what obligations, if any, do non-profit organizations have that for-profit organizations do not have?</p>

<p><a href="https://i.stack.imgur.com/BuPzF.jpg" rel="nofollow noreferrer"><img src="https://i.stack.imgur.com/BuPzF.jpg" alt="enter image description here"></a></p>

<p>In Canada, there is a <em>restriction</em> for not-for-profit organizations: &quot;no part of its income may be paid or made available for the personal benefit of any proprietor, member, or shareholder (with an exception for amateur athletic organizations).&quot; Source: <a href="https://www.cof.org/content/nonprofit-law-canada" rel="nofollow noreferrer">https://www.cof.org/content/nonprofit-law-canada</a>.</p>
