Reply to thread

Message: [QUOTE="HtownOrange, post: 4554977, member: 622"] Non-profits may own profit oriented enterprises. The tax laws must be followed closely and properly, it is done and usually done well, when honest people run the show. Special care is taken to ensure monies are never co-mingled between the two organizations, donations are clearly identified as such. Taxes are properly paid on the for -profit organization and the IRS ensures Uncle Sam is not shorted any funds. Like everything else, it's when corrupt people run the show that corruption ruins the process and gives the organization a bad name. It is more common to see the reverse where a for-profit runs a non-profit. [/QUOTE]