For-Profit Corporation
/ˌfɔrˈprɑːf ˌkɔːrpəˈreɪʃən/
Definitions
- (n.) A corporation established primarily to earn profit for its shareholders, as opposed to nonprofit or charitable corporations.
The for-profit corporation distributed dividends to its shareholders after a profitable year.
Forms
- for-profit corporation
- for-profit corporations
Related terms
See also
Commentary
Use precise language to distinguish for-profit corporations from nonprofit entities; note this form typically governs shareholder profit distribution and taxation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.