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/