Company forms & group structures · Core

Nonprofit organisation

Also called: not-for-profit, NPO

ELI5

An organisation formed to pursue stated purposes rather than distribute profits to private owners.

Used in conversation

“Counsel wants nonprofit organisation clarified before anyone signs.”

Pitch context

You will see “Nonprofit organisation” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches company forms & group structures.

Why it matters: In company forms & group structures, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.