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Doesn't a non profit board (or any firm) not have an (strictly legal) obligation to investors? https://hbr.org/2010/04/the-myth-of-shareholder-capitalism https
by wnc3141 3y ago
Doesn't a non profit board (or any firm) not have an (strictly legal) obligation to investors?
https://hbr.org/2010/04/the-myth-of-shareholder-capitalism https://hbr.org/2010/04/the-myth-of-shareholder-capitalism
- dragonwriter 3y agoA nonprofit board that has control of a for-profit LLC and a for-profit LP that acts as a holding company through which it controls the LLC has some obligations to the members of the former and the limited partners of the latter, but the exact obligations will depend on the governing agreements of each entity.
- wnc3141 3y agoMy takeaway is that: matters are complicated! Is there any well known precedent for this type of structure?