nonprofitq
Junior Member
Missouri
QUESTION
I am an intern and my boss is having me look into starting a nonprofit organization (with mission dedicated to sustainability in our industry/possible related industries). I've done a ton of research and have a pretty good handle on getting the 501c3 incorporated but am still unable to find a few answers.
Is it possible for a for profit to spin off a nonprofit and retain control? Or at least be very much associated with the branding of the nonprofit?
Can the CEO of the for profit be on the Board of Directors for the nonprofit?
Appreciate any help or advice! Specific details (and/or examples) as to how this could be legally accomplished would be ideal!
Thanks,
Jessi
QUESTION
I am an intern and my boss is having me look into starting a nonprofit organization (with mission dedicated to sustainability in our industry/possible related industries). I've done a ton of research and have a pretty good handle on getting the 501c3 incorporated but am still unable to find a few answers.
Is it possible for a for profit to spin off a nonprofit and retain control? Or at least be very much associated with the branding of the nonprofit?
Can the CEO of the for profit be on the Board of Directors for the nonprofit?
Appreciate any help or advice! Specific details (and/or examples) as to how this could be legally accomplished would be ideal!
Thanks,
Jessi