Glossary entry (derived from question below)
Spanish term or phrase:
objeto social
English translation:
corporate purpose
Spanish term
Objeto social
P.ej., en esta oración: Abrir y cerrar tolda clase de cuentas bancarias y girar cheques en contra de las mismas con el fin del cumplimiento del objeto social.
To open and close all kinds of bank accounts and write checks against them in order to accomplish its stated aims.
Apr 24, 2020 16:52: Yaotl Altan changed "Language pair" from "English to Spanish" to "Spanish to English"
Apr 27, 2020 20:32: Robert Carter Created KOG entry
Non-PRO (1): Yvonne Gallagher
When entering new questions, KudoZ askers are given an opportunity* to classify the difficulty of their questions as 'easy' or 'pro'. If you feel a question marked 'easy' should actually be marked 'pro', and if you have earned more than 20 KudoZ points, you can click the "Vote PRO" button to recommend that change.
How to tell the difference between "easy" and "pro" questions:
An easy question is one that any bilingual person would be able to answer correctly. (Or in the case of monolingual questions, an easy question is one that any native speaker of the language would be able to answer correctly.)
A pro question is anything else... in other words, any question that requires knowledge or skills that are specialized (even slightly).
Another way to think of the difficulty levels is this: an easy question is one that deals with everyday conversation. A pro question is anything else.
When deciding between easy and pro, err on the side of pro. Most questions will be pro.
* Note: non-member askers are not given the option of entering 'pro' questions; the only way for their questions to be classified as 'pro' is for a ProZ.com member or members to re-classify it.
Proposed translations
corporate purpose
"Public charities and private foundations are, by definition, organized and operated for tax-exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. But where does a nonprofit organization state this information? And to what extent – and where - should a nonprofit articulate additional details about its particular tax-exempt purpose? The answer lies within the nonprofit’s “corporate purpose statement.”"
https://wagenmakerlaw.com/blog/nonprofit-corporate-purpose-s...
"Exempt Purposes - Internal Revenue Code Section 501(c)(3)
The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals."
"Like for-profit corporations, nonprofit corporations must file a statement of corporate purpose with the Secretary of State and pay a fee, create articles of incorporation, hold regular meetings, and satisfy other obligations to achieve and sustain corporate status."
https://www.hg.org/nonprofit-organizations.html
I suppose you could call it "organizational purpose" or "nonprofit purpose," but as far as I can tell, the "corporate" part of "corporate purpose" doesn't refer specifically to "corporations," so I would be inclined to use it for the sake of familiarity.
agree |
Eileen Brophy
42 mins
|
Thanks, Eileen.
|
|
agree |
Richard Cadena
1 hr
|
Thanks, Richard.
|
|
agree |
Chris Lancaster
1 hr
|
Thanks, Chris.
|
|
agree |
Joshua Parker
1 hr
|
Thanks, Joshua.
|
|
agree |
Seth Phillips
: What your's intake on using "Purpose" alone? In my search I see some samples of nonprofit bylaws using just "Purpose" followed by the text stating something like "The purpose of the non-profit/charitable organization (..."
4 hrs
|
It's fine, but in this instance, I think purpose on its own doesn't work, e.g. "to open and close bank accounts to fulfill the purpose" (what purpose is that?)
|
|
agree |
Lydia De Jorge
: Mission statement would also work IMO.
5 hrs
|
Thanks, Lydia.
|
|
neutral |
philgoddard
: I don't see why everyone is voting for this duplicated answer.
6 hrs
|
Perhaps that duplicated-answer "rule" is simply in your own head, Phil :-) https://www.proz.com/faq/124318#124318
|
|
agree |
Manuel Aburto
8 hrs
|
Thanks, Manuel.
|
|
agree |
David Hollywood
: right but Merridy was first in
10 hrs
|
Thank you, David, I think you'll find I already pointed that.
|
|
agree |
Yvonne Gallagher
: This answer has more meat than the previous one and anyway, people (including complainer) often post and vote for duplicate answers. The "first in" thing seems to have died a death. But non-Pro surely?
16 hrs
|
Thanks, Yvonne :-) The question of whether it's possible to use "corporate purpose in the case of an "asociación civil" arguably puts this in the Pro category.
|
(regular) business
Just as in a corporate business.
disagree |
AllegroTrans
: Yet again, you translate out of context
5 hrs
|
disagree |
Lydia De Jorge
: I'm starting to think you deliberately post incorrect answers.
5 hrs
|
disagree |
Taña Dalglish
: Amazing that you have the ability to post incorrect answers 90% of the time & out of context! Do you take your profession seriously JABZ? Or is this play for you? If you R serious, could you try researching more, or don't u care how you are perceived?
6 hrs
|
disagree |
Manuel Aburto
: In agreement with Lydia and Taña.
8 hrs
|
disagree |
Yvonne Gallagher
: nonsense
17 hrs
|
neutral |
Lester Tattersall
: Don't understand the outrage. Objeto social is, in effect, the company's regular business:)
1 day 20 hrs
|
Corporate purpose (USA); Object of the company (UK)
agree |
philgoddard
: Or just "purpose". "Object of the company" doesn't work, because it's not a company, but you could say "object".
52 mins
|
agree |
Richard Cadena
1 hr
|
agree |
Robert Carter
: Beat me to it with your US term. "Object of the company" is OK for the UK because they call them non-profit companies/organisations there anyway, but "of the organisation" might be a better fit.
2 hrs
|
agree |
David Hollywood
10 hrs
|
agree |
Yvonne Gallagher
16 hrs
|
social purpose
agree |
Eileen Brophy
38 mins
|
thank you, Eileen
|
|
neutral |
Seth Phillips
: You wouldn't see "social purpose" in any non-profit/charitable organization bylaws
4 hrs
|
objects
Company Law Club // What are a company's objects?
www.companylawclub.co.uk › what-are-a-company-ob...
Companies registered before that date will have had an objects clause in their original memorandum of association. Any provision in such a company's ...
An objects clause is a provision in a company's constitution stating the purpose and range of activities for which the company is carried on. In UK company law, until reforms enacted in the Companies Act 1989 and the Companies Act 2006, an objects clause circumscribed the capacity, or power, of a company to act.
Objects clause and Memorandum of Association: a whistle ...
www.machins.co.uk › news › objects-clause-and-memo...
11 Oct 2017 - Historically, companies were required to include an Objects clause in their Memorandums of Association. This clause sets out the purpose of ...
--------------------------------------------------
Note added at 5 hrs (2020-04-24 22:14:43 GMT)
--------------------------------------------------
Note:
The fact tha this isn't a compny doesn't make any difference. Charities, associations, not-for-profits, foundations etc. all must set out their objects in an an objects cluase:
'Objects' describe and identify the purpose for which your charity has been set up. ... They are usually set out in a single clause or paragraph (the 'objects clause') when you write your charity's governing document. By law, your charity's objects must be exclusively charitable.10 May 2013
Example charitable objects - GOV.UK
Illustrative Objects clause of an NGO - India Microfinance
indiamicrofinance.com › illustrative-objects-clause-ngo
Illustrative Objects clause of an NGO. (i) To establish, promote, set-up, run, maintain, assist, finance, support and/or aid in setting up and/or maintaining and/or ...
Memorandum and articles of association - BQF
www.bqf.org.uk › wp-content › uploads › 2015/12
United Kingdom or elsewhere) in furtherance of the objects of the Foundation ... sub-clauses (13) to (22) of clause 4 were inserted by a Special Resolution ...
Lexicon of Trust & Foundation Practice
books.google.co.uk › books
John Goldsworth - 2016 - Trusts and trustees
A foundation also has an objects clause to describe the purpose or the individuals who are to benefit from the foundation and such a clause confines the ...
Purpose of the Association (Foundation or Partnership)
In the UK, associations, foundations and partnerships have a purpose whilst companies have a(n) object(s).
Otherwise, I (or perhaps others commenting on this question) wll need - after almost half a century - to revise my company and partnership law notes very carefully.....
Linguee: he decisive factor in defining the object of an association is the main purpose for which it was established. daccess-ods.un.org El elemento clave de la definición del objeto de una asociación es el propósito principal con que se estableció
http://eng.proz.com/kudoz/spanish-to-english/law-general/4190599-asociación-civil.html
http://iate.europa.eu/search/standard/result/1587807813878/1
agree |
A. & S. Witte
7 hrs
|
Gracias, danke and thanks! 'Associative purpose' FWIW doesn't seem to Google, though doesn't rule out its use in actual practic/se.
|
purpose
También me parece que es una buena opción, más general, pero opté por corporate purpose por las referencias del uso en estatutos de sociedades. Gracias! |
agree |
philgoddard
: You can normally ignore "social" as it doesn't add anything to the meaning, but in this context you can't, as Robert points out.
23 hrs
|
Discussion
[@ Robert: Phil is correct (although I don't always agree with him), but while you may have provided more substance/explanations in your proposal, the fact remains Merridy's entry was 1st, time wise].
1.32 - I was the first to provide the right answer to a KudoZ question and then other user provided the same answer adding few more explanations and received the points (instead of agreeing to my answer). Is this allowed? [Direct link]
Askers have the right to select the answers they consider most helpful to their questions.
There is nothing wrong in taking the time to provide the best possible answer, including references and explanations, even if a term has been already suggested. Limiting this right would turn KudoZ into a race to post a term with little or no explanations, and it would discourage better researched and more complete answers.