4 ms·
Why doesn't the government do it for them, fining them along the way?
by bmitc 3y ago
Why doesn't the government do it for them, fining them along the way?
- sanderjd 3y agoI have no idea how it will all play out, but I will be shocked if there is no government investigation coming out of all this.
- bmitc 3y agoYea, it seems really weird that he and others can just form a non-profit and then later have it own a for-profit with the full intention of turning everything into a for-profit enterprise. Seems like tax evasion and a few other violations of what a non-profit is supposed to be.
- sanderjd 3y agoYep, if this is an acceptable fact pattern, it seems to create a bunch of loopholes in the legal treatment of non-profits vs for-profits. I think the simpler conclusion is that it actually isn't an acceptable fact pattern, and we'll be seeing fines or other legal action.