Talk:Not-for-profit corporation
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Are "non-profit" and "not-for-profit" interchangeable terms? If they denote exactly the same types of organizations, then what differing nuances does each term carry and in what contexts does one see one term or the other being used?
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[edit] Can a not-for-profit corp be made from the ground up?
The article says that a not-for-profit corporation is a government-created entity, be that government national or local. Is it possible for local citizens to create a not-for-profit corporation, perhaps along the lines of a limited liability company (LLC)? -CS
Absolutely, not-for-profit corporations are most often than not founded by local citizens who share a common social objective. --Kimmetje 21:29, 4 September 2006 (UTC)
[edit] Error?
Is "remunitary" a word?
I believe the author meant remuneratory, meaning "for profit/payment." After looking it up though, remuneratory apparently isn't truly a word and remunerative should be used in it's place. In this particular context, a few quick google searches show that the only permutation/conjugation/part-of-speech of this word that has any traction in the non-profit community is non-remunitive, but non-profit is much more widely used. I'm just going to change it to non-profit (considering it is being used in a sentence specifically directing the user to Non-profit organization). -Bigmantonyd 05:59, 5 July 2007 (UTC)
[edit] Question of ownership
Though the not for profit is a corporation who is the owner? if they do not issue stock who technically owns the company? —The preceding unsigned comment was added by 12.158.153.239 (talk) 20:02, 9 May 2007 (UTC).
No one owns the "company." It's not a company. It has no owners. No stock is issued in the case of a non-profit corporation. Yours, Famspear 20:00, 14 June 2007 (UTC)
[edit] paying owners
I understand that as a non profit, the owners cannot profit from the income of the organization...however, can they be paid as an expense of the organization or can they be reimbursed for what they put into it?
fred —Preceding unsigned comment added by 12.145.189.179 (talk • contribs) (on 14 June 2007).
If it's really a non-profit organization, it has no owners. If it's formally set up as a non-profit CORPORATION under the law of a particular jurisdiction, such as the State of Texas, it simply cannot have "owners." There are no shares of stock to be issued.
And officer or employee of a non-profit organization - including a non-profit corporation - can generally be compensated in a reasonable amount (whatever that is) for services performed. Yours, Famspear 19:59, 14 June 2007 (UTC)
