Posted by: 3646893?
Posting time: 11 months ago on
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Archived on: 5/8/2020 10:00:00 AM
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[–] 22420395? ago
Private corporation just means not run by the government. Which makes sense, if you spend a few minutes thinking about it. Do you really want the government deciding who gets elected? Both committees pretty much have to be incorporated due to the amount of money that flows through them. They can't exactly register are charities, now can they?
Or to put it another way, if they shouldn't be private corporations, what should they be registered as?
[–] 22421096? ago (edited ago)
Can’t they register as a non profit organization? Any community, fraternal etc organization can be a 501c3. A foundation for instance. I know many folks who have died too early from say, drugs and a family member started a foundation in their name in order to raise money for drug awareness etc. couldn’t the same be done with political parties?
[–] 22422828? 0 points 1 point 1 point (+1|-0) ago
Nope. There are specific limits on what a "nonprofit" can do. Especially a 501c3. Political campaigning is expressly forbidden. As is lobbying.
Corporation is an umbrella term that covers a LOT of types of organizations. A 501c3 falls under the legal definition of corporation. As do most tax exempt churches. Any time there is a sizeable group of people doing something with money involved, they are probably incorporated in some manor. The title corporation doesn't mean "money making business". Although most corporations do turn a profit.