The term intermediary refers to a private, nonprofit organization that provides support to microenterprise development programs and organizations. These intermediaries play a crucial role in fostering economic growth by assisting smaller businesses and entrepreneurs in accessing resources, training, and funding opportunities.
Intermediaries are commonly referenced in the context of economic development and nonprofit law. They often operate under various federal and state programs aimed at promoting entrepreneurship and small business growth. Users may encounter this term when dealing with forms related to nonprofit registration, funding applications, or microenterprise support services. Legal templates from US Legal Forms can assist users in navigating these processes effectively.
Here are a couple of examples of abatement:
One example of an intermediary is a nonprofit organization that provides training and resources to local startups, helping them secure funding and develop business plans. Another example (hypothetical example) could be an intermediary that connects small businesses with larger corporations looking to source products from local suppliers.
According to 15 USCS § 6901 (7), the definition and role of intermediaries are outlined in the context of the Microenterprise Technical Assistance and Capacity Building Program. This statute emphasizes the importance of intermediaries in supporting microenterprise initiatives.
| Term | Definition | Key Differences |
|---|---|---|
| Intermediary | A nonprofit entity supporting microenterprise development. | Focuses specifically on microenterprises and nonprofit support. |
| Nonprofit | An organization that operates without profit motives. | Nonprofits can serve various purposes, not limited to microenterprises. |
| Microenterprise | A small business, often with fewer than ten employees. | Refers specifically to the businesses being supported, not the supporting entity. |
If you are involved with a microenterprise or seeking support, consider reaching out to local intermediaries for assistance. They can provide valuable resources and guidance. Additionally, explore US Legal Forms for legal templates that can help you navigate the necessary paperwork and processes.
For complex situations, consulting a legal professional is advisable to ensure compliance with all applicable laws.
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An intermediary supports microenterprise development organizations by providing resources, training, and access to funding.