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It's actually the other way around. The nonprofit owns the for-profit.
by roca 5y ago
It's actually the other way around. The nonprofit owns the for-profit.
- protomyth 5y agoMy bad, still a for profit in there so I wouldn't believe they are immune from a profit temptation.
- roca 5y agoEven at a pure non-profit there is a significant temptation for the staff to grant themselves benefits at the expense of the mission.
- Vinnl 5y agoNo more so than at a plain non-profit - the profits can't be paid out to shareholders, since the non-profit is the shareholder. Of course, people can still pay themselves fat checks, but that's possible at a regular non-profit too.