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ASCO Gruppe gemeinnützige GmbH, Coburg, Germany
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Corporate purpose
Operation of a private vocational school for foreign language professions, the operation of a private educational institution, the implementation of other language courses within the framework of further education and training, as well as the operation of other private institutions for the purpose of promoting education, primary and vocational training, in particular childcare services for pupils and students as well as other private school offers. The company's activities are geared towards the implementation of the above-mentioned facilities. It therefore pursues exclusively and directly charitable purposes within the meaning of the section "tax-privileged purposes" of the Tax Code by promoting youth welfare, education and upbringing. The activities of the institutions operated by the company are aimed at providing the necessary educational and educational basics in a non-profit manner. The facilities are open to all interested and suitable persons in accordance with the law. Funds of the company may only be used for statutory purposes. The shareholders may not receive any profit shares or other benefits from the company's funds. In the event of their departure or dissolution of the company, or in the event of the cessation of tax-privileged purposes, they will not receive back more than their paid-in capital shares and the fair market value of their contributions in kind. The Company may not favor any person through expenses that are foreign to the purpose of the Company or through disproportionately high remuneration. The company operates altruistically and does not primarily pursue its own economic purposes. The remuneration is based on the respective performance at the school or institution supported by the company. Further details are to be regulated by service contracts and agreements.
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