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that's not what happened with OpenAI though. They're not a non-profit anymore, they changed to a "controlled profit" (lol) model. I didn't know this was even p
by eggsnbacon1 6y ago
that's not what happened with OpenAI though. They're not a non-profit anymore, they changed to a "controlled profit" (lol) model.
I didn't know this was even possible/legal. Start as a non-profit for all the tax advantages and convert to for-profit once you've got a saleable product? Maybe startups should start doing this
- chrisco255 6y agoWhat's the point? If your business doesn't turn a profit then you don't owe business income taxes anyways. Most businesses take several years to reach profitability.
- texasbigdata 6y agoI thought it was capped profit not controlled.