Re: Shaping the Future of ICP-2: Community Input Extended to December 2024

[William Herrin <bill () herrin us>]

On Tue, Nov 19, 2024 at 12:36 PM Noah <noah () neo co tz> wrote:
> On Tue, 19 Nov 2024, 22:44 Owen DeLong, <owen () delong com> wrote:
> > They really aren’t. Contrary to the theories you keep pushing, they are
> > businesses. They are not state agencies or quasi state agencies.
> > They are not granted enforcement powers or any extraordinary
> > legislative or judicial powers. They are run of the mill not-for-profit businesses.
>
> A business has private or public shareholders or stockholders who
> once all taxes have been deducted on the legal entity's annual revenue
> or bottomline .. the stockholders then enjoys dividends through board resolutions.

Noah,

You are correct that a non-profit organization does not have owners
and thus does not produce profits for distribution to owners. Instead,
it has a board of directors with a legal duty to assure it operates
consistent with its non-profit mission.

Owen is correct that in every other respect, a non-profit organization
functions like any ordinary business.

Regards,
Bill Herrin

-- 
William Herrin
bill () herrin us
https://bill.herrin.us/