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Despite my having written an article stating that you cannot change an NPO into a normal company, somebody booked a meeting to discuss how she could do exactly that.

She was a “no show”, so I never found out what it was all about.

But it almost certainly meant that she did not understand the difference between the two types of company.

There’s just one difference – an NPC cannot distribute dividends to its shareholders either in cash or in kind. Now, how many private companies declare dividends? I’ve known about 10 in all of my 36 years with Harbour and Associates.

On the other hand, most NPCs can register as Exempt Institutions and not pay Income Tax. So, I can see no reason for her having booked the meeting. Maybe she couldn’t either and decided not to attend?


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