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11-07-2014, 02:07 PM #1Senior Member
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Incorrect. Registration is not ownership. Once formed, the non-profit owns itself, its assets, and is the only entity entitled to revenues from operations. The founder(s) has/have no ownership interest. Non-profits cannot be sold as they have no stock to convey ownership.
Originally Posted by ADiamond
You're an underwriter? That's terrifying.Last edited by CreditGuy; 11-07-2014 at 02:11 PM.
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