Association with lucrative purpose
Encyclopedia
Vereniging met winstoogmerk (vmw, Dutch) or Association avec but lucratif (aabl, French) means 'profit-making organisation
'. It is a formal designation under Belgian
law
, and organisations are entered in a register and allocated numeric identifiers. For international organisations, the equivalent is aiabl. The French term is also used in France
and other francophone
countries, often as a form of unincorporated association formed for profit
.
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
'. It is a formal designation under Belgian
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
law
Law
Law is a system of rules and guidelines which are enforced through social institutions to govern behavior, wherever possible. It shapes politics, economics and society in numerous ways and serves as a social mediator of relations between people. Contract law regulates everything from buying a bus...
, and organisations are entered in a register and allocated numeric identifiers. For international organisations, the equivalent is aiabl. The French term is also used in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
and other francophone
Francophone
The adjective francophone means French-speaking, typically as primary language, whether referring to individuals, groups, or places. Often, the word is used as a noun to describe a natively French-speaking person....
countries, often as a form of unincorporated association formed for profit
Profit (economics)
In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs of a venture to an entrepreneur or investor, whilst economic profit In economics, the term profit has two related but distinct meanings. Normal profit represents the total...
.
See also
- Association without lucrative purpose
- International association without lucrative purpose
- International association with lucrative purpose