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It seems hard to see what the nonprofit would really be doing in this case since the for-profit seems to be the entire operation.
by emodendroket 3y ago
It seems hard to see what the nonprofit would really be doing in this case since the for-profit seems to be the entire operation.
- danenania 3y agoYes if the for-profit was the entire operation, I think you could definitely have issues with the IRS. It would ultimately depend on your ability to convince either the IRS or a judge that there is some purpose to the nonprofit apart from giving investors in the for-profit side tax deductions.