Steve Langasek <[EMAIL PROTECTED]> writes: > On Tue, Sep 06, 2005 at 07:15:19PM +0100, MJ Ray wrote: >> Philip Hands <[EMAIL PROTECTED]> wrote: >> > The way we price this stuff has always been based on selling it as cheaply >> > as possible, while making the numbers round for convenient change at Expos, >> > and aiming to do just better than break-even [...] > >> How can anyone define a not-for-profit business if that's not one? > > I can't, because in my vocabulary "not-for-profit business" is an > oxymoron?
In the UK, we can construct companies in a number of ways. A company Limited by Shares is owned by its shareholders, and expected to attempt to return a profit to them. A company Limited by Guarantee isn't and is not expected to produce a profit. They are less common, though. We can also form a Co-operative, owned by its members and not necessarily expected to make a profit. Businesses trade as any of these happily. cheers, Rich. -- rich walker | Shadow Robot Company | [EMAIL PROTECTED] technical director 251 Liverpool Road | need a Hand? London N1 1LX | +UK 20 7700 2487 www.shadow.org.uk/products/newhand.shtml -- To UNSUBSCRIBE, email to [EMAIL PROTECTED] with a subject of "unsubscribe". Trouble? Contact [EMAIL PROTECTED]
