Not for profit Zhanat Alimanov, assistant professor Terms 1. Institution - учреждение 2. Public Union – общественное объединение 3. Public Fund – общественный фонд 4. Consumer cooperative – потребительский кооператив 5. Religious Union – религиозное объединение 6. Association - Ассоциация Plan (state enterprises) 1. Institution 2. Public Union 3. Public Fund 4. Consumer cooperative 5. Religious Union 6. Association BY GOAL For profit Legal Entities Non-profit Legal Entities State Enterprise Public Associations Production Cooperative Public Funds Business Partnerships Religious Associations Corporations Consumer Cooperatives Business Unions Institutions/Учреждения I. Institution What is Institution? Let’s look at the Civil Code. I. Institution What are its peculiarities? I. Institution What are its peculiarities? 1. 2. financed by its founder Not for profit II. Not for profit What is Public Union? Let’s look at the Civil Code. II. Not for profit What are its peculiarities? Example, IDC? Example Let’s assume that Gulmira, Yerlan & Ozhet founded Intellectual Debate Club of KIMEP. Yerlan & Ozhet gave KZT 300 to the Club. Gulmira gave her laptop, invested KZT 300,000 to the Union. Example Ozhet & Yerlan would like to fire Gulmira, and appoint themselves officers, and manage all money. Gulmira says that it is her money. They invested only KZT 600 altogether, and they cannot dispose her money. Can Ozhet & Yerlan fire Gulmira & spend all money? II. Public Union What are its peculiarities? (1) one member = one vote, irrespective of Investment (2) cannot divide profit (3) only physical people BY GOAL For profit Legal Entities Non-profit Legal Entities State Enterprise Public Associations Production Cooperative Public Funds Business Partnerships Religious Associations Corporations Consumer Cooperatives Business Unions Institutions/Учреждения III. Public Fund What is Public Fund? Let’s look at the Civil Code. What legal form? 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. University High School Private School Kindergarten Nur Otan University STO Boutique in the Car City Soyuz Atameken Bank Pension Fund “Grantum” KazMunaiGas Kimep What legal form? 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. High School - Institution Private School – LLP or institution Kindergarten – institution or LLP Nur Otan – Public Union University – Inst-n or Corp-n STO – Indiv. Entrepreneur, LLP Boutique in the Car City – IE, LLP Soyuz Atameken - Association Bank - Corporation Pension Fund “Grantum” Corporation KazMunaiGas - Corporation Kimep - Corporation