Non-Trading Concerns FAQs What is the primary objective for a non-trading concern? Non-trading concerns seek to provide goods and services that fulfill a social need. The main objective of these organizations is not to earn income but rather to provide benefits to members or society as a whole. These benefits may be of financial, educational, medical, technical, etc., Nature. Are non-trading concerns limited to only public institutions? No, there are many private non-trading concerns which provide educational, medical, technical and social benefits to its members. For example - societies for the promotion of different arts and sports, hobby clubs, civil associations. What kind of income is earned by non-trading concerns? Non-trading concerns earn income from fees, subscriptions and donations. They do not receive income from the sale of goods or services. What is a non-profit organization? A non-profit organization is a legal designation for an entity that does not distribute its earnings to owners or investors. Non-profit organizations are often called "not-for-profit" or "non-stock." A non-profit organization may be a charitable foundation, grant maker, cooperative, etc. Who manages the funds of a non-trading concern? Typically, trustees or governing body committee of management manage the funds of a non-trading concern. About the Author True Tamplin, BSc, CEPF® Facebook Linkedin Instagram Twitter Youtube True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists. True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics. To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.