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  2. For-profit corporation - Wikipedia

    en.wikipedia.org/wiki/For-profit_corporation

    This is the reason why a for-profit organization is not exempted any tax. Subsequently, at times running a not-for-profit corporation can be more difficult. Although both for and not-for-profit need a good decision making body however the aspect of serving the public puts an extra responsibility on the members of the board. [9]

  3. Charitable for-profit entity - Wikipedia

    en.wikipedia.org/wiki/Charitable_for-profit_entity

    A charitable for-profit entity is an organization with a charitable mission but legally organized as a for-profit corporation. Both benefit corporations and Low-profit limited liability companies (L3C) fall under this category. As well as generating a profit, a charitable for-profit entity concentrates on setting a social objective.

  4. Benefit corporation - Wikipedia

    en.wikipedia.org/wiki/Benefit_corporation

    Low-profit limited liability company – Legal form of business entity in the US; Public-benefit nonprofit corporation – Chartered by a US state government; Social enterprise – Type of organization; Social purpose corporation – For-profit that enables, without requiring, social or environmental decision making

  5. Changing OpenAI's nonprofit structure would raise questions ...

    lite.aol.com/tech/story/0001/20241012/1447dc7589...

    If the initial organization becomes a for-profit, generally, a conversion is needed where the for-profit pays the fair market value of the assets to another charitable organization. Even if the nonprofit OpenAI continues to exist in some way, some experts argue it would have to be paid fair market value for any assets that get transferred to ...

  6. OpenAI's unusual nonprofit structure led to dramatic ouster ...

    www.aol.com/news/openais-unusual-nonprofit...

    The board might not have found itself straddling the tensions between its nonprofit structure and the company’s for-profit arm if not for a pivotal falling out in 2018 involving Altman and Musk.

  7. Organizational structure - Wikipedia

    en.wikipedia.org/wiki/Organizational_structure

    A functional organizational structure is a structure that consists of activities such as coordination, supervision and task allocation. The organizational structure determines how the organization performs or operates. The term "organizational structure" refers to how the people in an organization are grouped and to whom they report.

  8. Sam Altman told OpenAI staff the company’s non-profit ...

    www.aol.com/finance/sam-altman-told-openai-staff...

    With the company in the process of raising new funds at a valuation somewhere north of $100 billion, the non-profit structure is proving increasingly awkward. For investors, a change means a more ...

  9. Not-for-profit organization - Wikipedia

    en.wikipedia.org/wiki/Not-for-profit_organization

    A not-for-profit or non-for-profit organization (NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. [1] An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization.

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