Re: Debian UK
Steve Langasek <vorlon@debian.org> writes:
> On Tue, Sep 06, 2005 at 07:15:19PM +0100, MJ Ray wrote:
>> Philip Hands <phil@hands.com> 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 | rw@shadow.org.uk
technical director 251 Liverpool Road |
need a Hand? London N1 1LX | +UK 20 7700 2487
www.shadow.org.uk/products/newhand.shtml
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