Purpose and Business Entities
Explore the intersection of purpose and business entities, including nonprofit entities, members, beneficiaries, and economic outcomes. Delve into the trend towards purpose hybridization, balancing selfless and selfish entities, legal variations, and protection of third-party trust. Understand fundamental models, differences, and the focus on foundations as entrepreneurial tools, addressing challenges with oversight, public trust, and organizational autonomy.
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Presentation Transcript
Purpose and/versus business? Entities Nonprofit entities Business Members Beneficiaries (Positive) Economic results
The trend towards purpose hybridization Selfless entities Selfish entities Hybrids Associations Foundations Charitable trusts Companies Corporations Partnerships Cooperatives Nonprofit Corporations Public benefit/L3 corporations Benefit corporations Social enterprises Community interest companies Social cooperatives More legal variations than actual application?
Non profitability Non distribution constraint Collective distributions Final Individual distributions distributions Indirect distributions Inaccurately prevents only one possible conflict of interest How to protect third parties trust?
Fundamental models and differences Paradigmatic nonprofit entities Associations Foundations Foundations are intrinsically form, asset and purpose-locked Possibility/Impossibility of endogenous fundamental changes or dissolution of the entity Public intervention and horizontal subsidiarity Label issues
A focus on foundations as entrepreneurial tools Foundations Business Widespread lack of general rules Interference of conflicting special regimes (especially tax law) Inadequate/poorly or seldom used oversight powers Public trust / Trust of the public Room for organizational autonomy Urgent need to coordinate substantive and tax law Create single point of contact with dedicated officers and adequate powers Through genuine horizonal subsidiarity: Sufficient flexibility Preservation of purpose and assets
Thank you for your attention! mail: aldo.laudonio@unicz.it
