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> I see a lot of doubt in this thread, and while some of it seems to come from a confusion of the two entities, the rest seems to acknowledge their separation,
by KaiserPro 5y ago
> I see a lot of doubt in this thread, and while some of it seems to come from a confusion of the two entities, the rest seems to acknowledge their separation, but doubt that it will protect the foundation in the long run.
There are two[1] companies registered, the foundation, which is the oldest, and the trading company.
From what I can see the foundation appear to get a significant portion of the profits from the trading company: https://find-and-update.company-information.service.gov.uk/company/06758215/filing-history https://find-and-update.company-information.service.gov.uk/c...
so long as that continues, then everything will be fine.
- Fnoord 5y agoThis setup can be used for good or bad. It can be used to for getting subsidies, it can also be used to funnel money from the non-profit to the for-profit, or to put everything which is for-profit on the for-profit, or to market itself non-profit while the main thing is the for-profit. There's examples of each of these, but I don't know whether it would apply here.