ABIBLO LAW - COMPANY (7)
Abiblo Law - Company (7)
Not for profit companies main aim is focusing more on charitable activities under the legal sense ( not for profit companies are subjected to the companies legislation and charitable legislation) or directing towards public interest and in another scenario promoting non profitable private interest. A common example is the tenants to a block of flats who funded the company through service charges to see and to care as well as maintaining the common parts of the block simply to the level so that the company can discharge it obligation. Therefore the company unable to meet such as significant profit.
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Learn the issue of law regulating the operation of the company.