To start, anNPOstands for a non-profit organization and means exactly that.
On the other hand, an NPC stands for a non-profit company.
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Below we delve into what makes the two Charities and Civil Society Organizations in South Africa different.
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Difference between NPO and NPC
Here are the varying aspects of NPOs and NPCs.
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Its profits are not to be enjoyed by the members but reinvested to meet the purpose of the organization.
This means they are treated the same way as shareholders on a company for profit.
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2.
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Most small NPOs prefer to be set up as Voluntary Association.
This pop in of NPO registers with the Department of Social Development.
The process of registering a social development NPO is free and takes roughlytwo months.
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All registered NPOS are accorded a 30-day notice if their reports are due.
Nevertheless, All NPCs must be listed with CIPC.
This organization was created by the Companies Act, 2008 (Act No.
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NGOs are also referred to as civil society organizations.
On the other hand, an NPO uses its profits to attain the purpose of the organization further.
NPOs include trade unions, charitable entities, Art organizations.
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