Comment by eesmith
2 days ago
Samual Library Inc is a "not-for-profit nonstock corporation ... organized exclusively for charitable and educational purposes." Its bylaws prohibit distributing earnings to "directors, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services and to make payments and distributions in furtherance of the purposes set forth in article 6 hereof." - https://samuelslibrary.net/images/about/policies-more/articl...
And you think that makes it a private equity company?
My LLC, which I ran my consulting business under, was neither a government nor a public company ... and neither was it a private equity company.
Would you consider Library Systems & Services, from the article, a private equity company?
You are the one strangely claiming a 401(3)(c) not-for-profit nonstock company is a private equity company.
I assume you have changed the topic because you know you are wrong.
As the article says, Library Systems & Services is 'private equity owned'. If you can't tell the difference being a private equity owned company and being a private equity company then you really don't understand this topic at all.