For Profit, Nonprofit, Benefit and Flexible Purpose Corporations

Corporations generally are understood to be for-profit, and the board of directors and the officers of the corporation are required by law to manage the corporation in the financial interests of the shareholders. In a sense, the financial interests of the shareholders are supreme to any other consideration that the management of the corporation takes into account. For most enterprises this makes sense, but in certain cases corporations are organized to serve interests other than the financial interests of the shareholders. In these cases, an enterprise might consider forming a non-profit, benefit, or flexible purpose corporation.

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