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Dr. Kevin P. Taylor

@endrift @anildash Yeah, it’s pretty convoluted. But my understanding is the for profit is owned by the 501 (c)(3) but the first few trillion dollars of profits must go to the for profit shareholders or some such and only then to the non-profit, pro rata.

2 comments
endrift

@ktaylor @anildash They didn't disband the 501(c)(3)?? They migrated all of the employees over to the LLC, but some remained on both for administrative reasons. I tuned out shortly after the transition since I was too busy recovering from my abusive ex and wound up quitting in early 2019, only a few months after the LLC happened.

Dr. Kevin P. Taylor

@endrift @anildash Thanks for sharing your experience — quiet something to have experienced from the inside. Also I hope you are safe now.

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