[governance] [govenance] The domain name racket goes on

[Barry Shein]

Non-profit only means that profits, money left over after costs are
accounted for, aren't distributed to shareholders et al as dividends
etc. but are retained for the corporation's activities. There is a
notion of excess retentions in the tax laws.

It doesn't mean that goods or services are sold at cost or whatever
seems to be implied here.

Tax-free status is of course more complicated. Any company can be
tax-free, just don't make a profit. One of the easier goals in the
corporate landscape. I realize "tax-exempt" was intended.


-- 
        -Barry Shein

The World              | bzs at TheWorld.com           | http://www.TheWorld.com
Purveyors to the Trade | Voice: 800-THE-WRLD        | Dial-Up: US, PR, Canada
Software Tool & Die    | Public Access Internet     | SINCE 1989     *oo*

-------------- next part --------------
____________________________________________________________
You received this message as a subscriber on the list:
     governance at lists.igcaucus.org
To be removed from the list, visit:
     http://www.igcaucus.org/unsubscribing

For all other list information and functions, see:
     http://lists.igcaucus.org/info/governance
To edit your profile and to find the IGC's charter, see:
     http://www.igcaucus.org/

Translate this email: http://translate.google.com/translate_t