Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
A non-profit that owns a for-profit company is very well not realy non-profit.
All of the profit of the subsidiary goes to the nonprofit parent, in furtherance of its nonprofit mission. The subsidiary doesn’t exist to make anybody rich but just to earn (taxable) income for the parent.
All of the profit of the subsidiary goes to the nonprofit parent, in furtherance of its nonprofit mission. The subsidiary doesn’t exist to make anybody rich but just to earn (taxable) income for the parent.