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A nonprofit association is a group of people who come together for a common purpose, such as helping others or promoting a specific cause. Unlike a business, the goal of a nonprofit association is not to make money. Instead, they use any funds they receive to further their mission. Examples of nonprofit associations include charities, religious organizations, and educational groups.
A nonprofit association is a group of people who come together for a common purpose that is not to make money. This can include organizations that focus on science, religion, education, or charity. Nonprofit associations are not separate legal entities from the people who make them up, unless they have certain corporate attributes like centralized management and limited liability.
Examples of nonprofit associations include:
These examples illustrate how nonprofit associations are formed around a shared goal or interest, and work together to achieve it without the primary goal of making money.
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