A General Incorporated, 一般社団法人 (一般 / いっぱん : general; 社団 / しゃだん : association; 法人 / ほうじん: incorporated)
is a common form of corporation that exists as an alternative to
Non Profit Organization
Joint Stock Company
Some knowledge about GI's:
This needs to be checked by a lawyer and may be overly simplified.
For tax purposes GI's have to keep two books for "profit" income and "non-profit" income which is differently taxed. The categorization of which can be tricky at times.
GI's are not allowed to distribute profits to the directors. Profits are to be used for investments into the GI's purpose.
The GI's purpose is registered at the government office.
The directors decide how funds are used and what projects to care about.
Directors need to be registered at the government office (which costs money).
Directors of the GI consist of a director an auditor and "regular" directors. It is a good idea to have an unequal number of voting directors to not have tie votes.
As it is not a LLC, directors are personally liable.