New answers tagged corporate-law
0
votes
What stops the board of trustees from firing Gates from Gates Foundation?
The mega-billionaire Bill Gates, even after all he's already donated, and after his divorce, is still worth $113 billion, and has pledged that almost all of it will go to charity at or before his ...
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3
votes
Does OpenAI get any tax benefits from its organization structure?
OpenAI, Inc. and OpenAI GP, LLC pay no federal income taxes and are usually exempt from state income taxes, and often state and local sales taxes and property taxes as well. Donations to OpenAI, Inc. ...
- 194k
7
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What stops the board of trustees from firing Gates from Gates Foundation?
Bill is one of the two co-chairs of the board of trustees of the Bill & Melinda Gates Foundation. The board can only act through majorities that include both co-chairs. If Bill does not want to ...
- 43.1k
5
votes
is setting up customer company as a merchant processing agent and paying them with profits legal?
united-states
We don't have enough facts to know from the facts of the question. But under U.S. law, there is a real possibility that this is an illegal Ponzi scheme.
Primarily, the question of ...
- 194k
3
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Can the subsidiary be a party to the contract signed by its parent here?
If they were a successor, administrator, executor, or assignee
A subsidiary company would not normally be one of those but there’s noting preventing them from becoming one - most likely an assignee.
- 198k
2
votes
Accepted
Why would a 501(c)(3) nonprofit organization run its major operations in an LLC?
Background
On February 21, 2018, Moxie Marlinspike and WhatsApp co-founder Brian
Acton announced the formation of the Signal Foundation, a 501(c)(3)
nonprofit organization. The foundation was started ...
- 194k
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