THE PHILANTHROPIST
Public Good & Entrepreneurship
Tax-Exempt Corporation: A Rare Legal Structure with Stringent Requirements
A corporation is synonymous with economic activity and profit-making. The fact that corporations can also be recognized as nonprofit organizations and be exempt from taxes raises some questions at first glance. The example of the “Geburtshaus Zürcher Oberland” shows how such a legal structure can work. A stock corporation is fundamentally geared toward economic activity...
