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> In most situations, a non-profit entity cannot be owned by a corporation in such a way that would give it controlling interest. I think you mean to say, "a n
by skissane 3y ago
> In most situations, a non-profit entity cannot be owned by a corporation in such a way that would give it controlling interest.
I think you mean to say, "a non-profit entity cannot be owned by a for-profit entity in such a way that would give it controlling interest"
A corporation can be non-profit (aka not-for-profit), and there is no problem with non-profit corporation A owning non-profit corporation B. Non-profit vs for-profit is orthogonal to corporate vs other (e.g. trust) legal structure.
- samtho 3y agoYeah, I botched the specifics on that. My fault for not rereading what I wrote prior to posting.