andypiper@lemmy.world to Fediverse@lemmy.worldEnglish · 2 months agoMastodon announces new European non-profit, change of CEOblog.joinmastodon.orgexternal-linkmessage-square71fedilinkarrow-up1438cross-posted to: [email protected]
arrow-up1438external-linkMastodon announces new European non-profit, change of CEOblog.joinmastodon.organdypiper@lemmy.world to Fediverse@lemmy.worldEnglish · 2 months agomessage-square71fedilinkcross-posted to: [email protected]
minus-squaresplinter@lemm.eelinkfedilinkEnglisharrow-up2·2 months agoYou mean 501©, and distribution of excess profit would at minimum evoke an excise tax and might cause loss of 501© status.
minus-squarerglullis@communick.newslinkfedilinkEnglisharrow-up1·2 months agoYou are right about the code , but you are also making my point about why it matters if the whole endeavor is classified as for-profit or not.
minus-squaresplinter@lemm.eelinkfedilinkEnglisharrow-up3·2 months agoI’m definitely not doing that. I’m pointing out that the commenter above is correct and you appear to have a misconception about what non-profit means.
You mean 501©, and distribution of excess profit would at minimum evoke an excise tax and might cause loss of 501© status.
You are right about the code , but you are also making my point about why it matters if the whole endeavor is classified as for-profit or not.
I’m definitely not doing that. I’m pointing out that the commenter above is correct and you appear to have a misconception about what non-profit means.