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> Greenpeace USA, not Greenpeace Fund or Greenpeace International Why is something like this allowed to exist... Stacking entities and funneling wealth around
by whywhywhywhy 7mo ago
> Greenpeace USA, not Greenpeace Fund or Greenpeace International
Why is something like this allowed to exist... Stacking entities and funneling wealth around in the guise of a noble cause.
- esafak 7mo agoIt may well not exist any more under the financial burden of this sentence.
- tlb 7mo agoInternational orgs usually need a company incorporated in every country they're working in. You need it to pay employees, for instance.
- mullingitover 7mo agoYou're going to lose it when you discover that stacking entities and funneling wealth around happens as routinely as eating lunch, and it's the noble cause part that's the outlier here.
- FireBeyond 7mo agoYou know that 99% of companies with revenues above say $1B do exactly this, just in the guise of often less noble causes? Fun fact, Monster Cables owns no patents or IP (or effectively none), it just licenses them all from the "wholly independent, arms-length" Monster Cables Bermuda, Inc. entity.
- kristjansson 7mo agoWe need David Macaulay to add a book on corporate structures to his repertoire. Any organization operating at anywhere close to household-name scale is a collection of cooperating legal entities.
- nitwit005 7mo agoCountries usually require you to create a local corporation, non-profit, or similar, if you have any revenue or donations. The local entity is what will file the tax paperwork.