...having some common business interest, the purpose of which is to promote that common interest, and not engage in a regular business of a kind ordinarily carried on for profit (Jacobs, 1996). These associations must improve the business condition of the industry in general rather...

...having some common business interest, the purpose of which is to promote that common interest, and not engage in a regular business of a kind ordinarily carried on for profit (Jacobs, 1996). These associations must improve the business condition of the industry in general rather...

...such common interest and to improve conditions of one or more "lines of business." • It does not engage in a regular business of a kind ordinarily carried on for profit. • It does not perform services for individuals or organizations as a primary activity. • It is...

...activities designed to promote a common business interest of its members; such organizations must not "engage in a regular business of a kind ordinarily carried on for profit." J These organizations are exempt because they represent simply a pooling of resources by people with...

...common business interest; its purpose is to promote that common business interest. Its activities should be directed to the improvement of business conditions...of particular services for individual persons. An exempt business league usually provides various services to its members. C corporation A for-profit...

...promote such common interest."8 These regulations add that the activities of a business league "should be directed to the improvement of business conditions of one or more lines of business."9 The case law supports this definition of a tax-exempt business league, largely in connection...

...industry.77 (ii) Limitation on Particular Services for Individuals. The activities of a business league must be directed to the improvement of business conditions of one or more lines of business, rather than the performance of particular services for members.78 However, an organization's activity...

...having some common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit. For example, an association engaged in furnishing information to prospective investors, is not a business...

...for operation as a tax-exempt business league is that the organization engage in activities that are directed to the improvement of business conditions of one or more lines of business. (i) Concept of Line of Business. A line of business is a trade, business (industry), or profession,...

...having some common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit. It is an organization of the same general class as a chamber of commerce or board of trade. Thus, its...