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“ A public benefit corporation cannot distribute profits, gains, or dividends to any person.” I don’t know a thing about corporate structuring so forgive my ig
by dclowd9901 3y ago
“ A public benefit corporation cannot distribute profits, gains, or dividends to any person.”
I don’t know a thing about corporate structuring so forgive my ignorance here, but even if they are “non-profit”, can’t they still take very high pay? Can’t they still produce and sell products? They just can’t sell shares or dividend out profits, right?
- SkyPuncher 3y agoCorrect. They can even distribute bonuses.