I find it more intuitive to talk about it in terms of project governance and control. An OSS project has contributing members and they exert control over the p

I find it more intuitive to talk about it in terms of project governance and control. An OSS project has contributing members and they exert control over the project by working on the codebase and approving/rejecting contributions. If they act as an entity, you can buy their control over the project. The entity that owns the project can now change the license, “sponsor” the contributors by giving them salary, “fire” the contributors, etc.