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The non-profit received shares in the for-profit as a result of the transfer. Those shares are theoretically worth hundreds of billions. If it had been a for-p
by gamblor956 5mo ago
The non-profit received shares in the for-profit as a result of the transfer. Those shares are theoretically worth hundreds of billions.
If it had been a for-profit company contributing assets to another for-profit company, the transaction would not have had any different tax consequence.
- dnnddidiej 5mo agoWasn't an arms length transaction so shennanigans (or lack of) cannot be proved. (This is just a thought IANAL)