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Section 8 Company vs. Trust: Which is Better for Your Nonprofit?
If you’re planning to start a nonprofit organization in India, you may be considering whether to register as a section 8 company or a trust. While both options offer benefits, there are key differences between the two that you should consider before making a decision. In this blog, we’ll explore the pros and cons of section 8 company incorporation and trust registration for your nonprofit. Section 8 Company Incorporation A section 8 company is a nonprofit organization that is formed for promoting charity, social welfare, religion, science, art, education, or any other similar purpose. Here are the advantages of incorporating a section 8 company: Trust Registration A trust is a…