Thursday, November 3, 2011

Solvent: Able to meet debts or discharge liabilities
Not for profit: A not-for-profit corporation carries on its activities without the purpose of gain for its members. It is incorporated under the Corporations Act as a corporation that doesn't issue shares. It must have not-for-profit purposes, and use any profits to promote those purposes. The most common types are: charitable (including religious organizations), social clubs, service clubs, sporting and athletic organizations, professional and trade associations, ratepayers' associations, and other community organizations.

yes because being solvent because you are paying to premote your cause

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