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Full-Text Articles in Law
Is It A Not-For-Profit Organisation Or A For-Profit Organisation? The Case For A Cic Structure In Australia, Kim Weinert
Is It A Not-For-Profit Organisation Or A For-Profit Organisation? The Case For A Cic Structure In Australia, Kim Weinert
Kim Weinert
Australia’s not-for-profit sector has fundamentally changed. The sector was once informally organised and unconstrained by the exigencies of commercial and government pressures; at its core there was a strong sense of affection. However, in recent times the sector has exploded to become first a highly organised, competitive space and subsequently a significant economic contributor. Participants in this sector are now de facto organisational structures which function and behave as an extension of the government or as a for-profit company. These changes in behaviour raise questions: are Australia’s traditional not-for-profit structures out-dated, and is there a need to introduce a hybrid …
Taxing Social Enterprise, Lloyd Hitoshi Mayer, Joseph R. Ganahl
Taxing Social Enterprise, Lloyd Hitoshi Mayer, Joseph R. Ganahl
Lloyd Hitoshi Mayer
The fairly strict divide in the United States between for-profit and nonprofit forms presents a quandary for many entrepreneurs who want to combine doing good with doing well. On the one hand, for-profits offer great flexibility and access to capital and so attract entrepreneurs who would like to take advantage of the ability of for-profits to scale up rapidly to meet growing demand. At the same time, however, for-profit forms also limit entrepreneurs’ ability to engage in philanthropy, due to the fiduciary duties managers owe to the equity holders. On the other hand, nonprofits offer their founders the freedom to …