Creating Social Impact: A Guide to Section 8 Company Registration

A Section 8 Company, also known as a nonprofit organization, is established with the primary objective of promoting social welfare, charity, education, and other philanthropic endeavors. What sets it apart from other business entities is its focus on using any profits or income solely for the advancement of its objectives, without distributing dividends to its members. This legal structure allows individuals with a shared purpose to come together and pool their resources to drive meaningful change.