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No it’s not. It’s just a corporation with one kind of tax status owning another corporation with a different tax status.
by staticautomatic 3y ago
No it’s not. It’s just a corporation with one kind of tax status owning another corporation with a different tax status.
- codexb 3y agoCongratulations, you’ve just described a corporate structure. It honestly doesn’t matter what the tax statuses of either of the corporations are. If Musk had invested in OpenAI with the goal of making tons of money off their IP (as opposed to wanting to open source it) and then the board decided to just hand over all the IP to another corporation essentially for free, Musk would be just as validated in suing.
- staticautomatic 3y agoYou continue to miss the point. The term “non-profit” in no way describes this structure.