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LSDefine

Simple English definitions for legal terms

exempt organization

Read a random definition: deherison

A quick definition of exempt organization:

Exempt organization: This is a group that doesn't have to pay taxes to the government. It can be a group that helps people or animals, or does something else that is considered good for the community. Sometimes, they only have to pay some taxes, and sometimes they don't have to pay any at all.

A more thorough explanation:

Definition: An exempt organization is a group or entity that is either partially or fully exempt from paying federal income taxes. These organizations are typically non-profit and serve a specific purpose, such as charitable, religious, educational, or scientific.

Examples:

  • A church that is exempt from paying federal income taxes because of its religious affiliation.
  • A non-profit organization that provides free medical care to low-income individuals and is exempt from paying federal income taxes.
  • A university that is exempt from paying federal income taxes because of its educational purpose.

These examples illustrate how exempt organizations are typically non-profit and serve a specific purpose that benefits society. In exchange for their tax-exempt status, these organizations are subject to certain regulations and restrictions to ensure they are using their resources for their intended purpose.

ex empto | exempt security

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General chat about the legal profession.
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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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