On Nov 21, 2024, at 18:32, David Conrad <drc@virtualized.org> wrote:
Hi,
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. You have described one structure of a corporation, but the definition of a business is much broader.
FWIW, unsurprisingly, the definition of “business” varies depending on country and their legal system and context (e.g., legal, tax, or regulatory).
Is there any one of the 5 jurisdictions where RIRs operate that do not define the existing RIR in that jurisdiction as a business? I know, for example that ARIN is definitely a business by the applicable definition. AFRINIC is a “corporation limited buy guarantee” and chartered under the companies act of Mauritius. I’d say that “company” and “business” are sufficiently synonymous to say that is the case there. I’m less familiar with the legal frameworks and charters of the other three, but I’m pretty sure RIPE NCC is a business by the rules there. Owen
Regards, -drc
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