external benefit

What Does Private Inurement Mean?

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What Does Private Inurement Mean? Private inurement is an important part of private benefit and it happens when an insider — an individual who has significant influence over the organization — enters into an arrangement with the nonprofit and receives benefits greater than she or he provides in return. What does Inurement mean? Inurement is

What Is A General Public Benefit?

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What Is A General Public Benefit? A general public benefit is defined as a “material positive impact on society and the environment, taken as a whole, as assessed against a third-party standard, from the business and operations of a benefit corporation.” What are the benefits of a public benefit corporation? Reduced director liability. … Expanded