|
>> >> "2. If the corporation is 'for profit', then why don't the shareholders get a
>> >> dividend? If a corporation doesn't make a profit for 7 years, I believe the
>> >> tax-office closes it down. Australia Inc doesn't make a profit 104 years and
>> >> we still call it a 'for profit organization'? " >> Although, companies must be solvent - i.e. able to pay their debts as they fall
>> due, there is no 7 year period or requirement to make a profit, or pay
>> dividends. There are plenty of non-profit organisations registered as companies
>> under the Corporations Law. This is probably true, but the original poster's claim was that Australia
was a for profit organisation. If he wanted to change his claim
Australia was a not-for-profit organization, then it would actually make more
sense - though that would raise the question of why the owners were not
entitled to a dividend.
| 
