NGO for sale

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frank lee bent
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Re: NGO for sale

Post by frank lee bent » Mon Feb 27, 2017 3:45 am

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.
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