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by Dalewyn 722 days ago
One of the justifications argued for non-profits is they "don't pay out profits to owners".

MoCo/Fo is one, particularly outlandish, example where a "non-profit" makes a substantial profit and pays it out to its owner(s).

1 comments

And anything paid out to owners in the form of salary is taxed. The point is that they can't pay dividends or do buybacks