NGO for sale
- frank lee bent
- Expatriate
- Posts: 11330
- Joined: Sat May 17, 2014 4:10 am
- Reputation: 2094
Re: NGO for sale
presumably they are selling the lease and physical assets.
i do not think you can sell the actual legal entity of NGO.
not for profit does not mean that the organization cannot make a profit, rather, any profits must be reinvested into the enterprise instead of paying dividends to shareholders or "owners" of the enterprise.
it is a fair question though, what happens to the money derived from the sale of the property.
i think- but i am no lawyer.
i do not think you can sell the actual legal entity of NGO.
not for profit does not mean that the organization cannot make a profit, rather, any profits must be reinvested into the enterprise instead of paying dividends to shareholders or "owners" of the enterprise.
it is a fair question though, what happens to the money derived from the sale of the property.
i think- but i am no lawyer.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 2058 Views
-
Last post by maxattack
-
- 2 Replies
- 2120 Views
-
Last post by maxattack
-
- 0 Replies
- 1493 Views
-
Last post by shawn.curti
-
- 0 Replies
- 1439 Views
-
Last post by Thorix
-
- 1 Replies
- 2283 Views
-
Last post by Bubble T
-
- 9 Replies
- 3306 Views
-
Last post by AndyKK
-
- 4 Replies
- 3356 Views
-
Last post by Equinix
Who is online
Users browsing this forum: No registered users and 84 guests