Glossary entry

Spanish term or phrase:

objeto social

English translation:

corporate purpose

Added to glossary by Robert Carter
Apr 24, 2020 16:35
5 yrs ago
150 viewers *
Spanish term

Objeto social

Spanish to English Law/Patents Law (general) Objeto social de una Asociación Civil
Estoy buscando la traducción exacta para el objeto social de una Asociación Civil en sus estatutos, en inglés me parece que corporate purpose es correcto para sociedades o corporaciones en general, pero ¿es lo mismo para una A.C.?

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.
Change log

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

Votes to reclassify question as PRO/non-PRO:

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.

Discussion

Taña Dalglish Apr 25, 2020:
@ Meridy While that may be so, the fact is that the issue is very much a grey area, as the guidelines do not explicitly say, "no duplicated answers will be allowed". Ultimately, the final decision for choosing an answer rests with the Asker, and the Asker only, to choose the best option for their context. The rest, that is between Robert and yourself, but it would appear you are being very magnanimous and kind to Robert, but that remains between Robert and yourself! Regards and stay very safe! I've now said my piece, which I seem to be doing a lot in recent days!
Meridy Lippoldt (X) Apr 25, 2020:
Thank you Taña. I would like to weigh in here as well. Robert addressed the asker's query more comprehensively than I did and I believe he should be able to take the credit for offering a complete answer first! Thanks for everyone"s interest in ensuring the right answer.
Taña Dalglish Apr 25, 2020:
@ David I just copied this from the rules section. While not explicitly said, from the time I've been on the site, and that is a long time (as you know), one of the unwriiten but understood rules, and as a matter of common courtesy, my understanding has also been "first come, first served", and personally, I believe that is the correct way!
[@ 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.
David Hollywood Apr 25, 2020:
this happens a lot and won't be the last time... often happens that a suggested answer is duplicated by a subsequent poster and in this case Merridy is on the button and came in first so...

Proposed translations

+9
45 mins
Selected

corporate purpose

It's commonly known as the "mission statement", but in legal terms it's still a "corporate purpose" even if the "body corporate" in question is a nonprofit. The US Internal Revenue Service refers to these particular "purposes" as "exempt purposes."

"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.
Peer comment(s):

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.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you, this was exactly my problem, if the "corporate" part referred specifically to "corporations". This information was really helpful :)"
-5
16 mins

(regular) business

In this case it means ... to accomplish/perform its business.

Just as in a corporate business.
Peer comment(s):

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
Something went wrong...
+5
37 mins

Corporate purpose (USA); Object of the company (UK)

This translation of the phrase is from This. West's Spanish-English Dictionary of Law and Business.
Peer comment(s):

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
Something went wrong...
+1
49 mins

social purpose

As it is not a company maybe you could use 'purpose of the organization'
Peer comment(s):

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
Something went wrong...
5 hrs

objects

The word is used in the plural and the objects are set out in the company's objects clause


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
PDF
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 ...

Something went wrong...
+1
17 hrs
Spanish term (edited): Objeto social (Mex. Asociación Civil)

Purpose of the Association (Foundation or Partnership)

It depends how Asociación Civil is being translated.

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.....
Example sentence:

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

Peer comment(s):

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.
Something went wrong...
+1
21 hrs

purpose

Esta es la equivalencia que me proporcionó mi profesora de Traducción Jurídica (que ejercía como traductora jurado).
Note from asker:
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!
Peer comment(s):

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
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search