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Michael Atkins
Apr 21, 2016 1:22 PM
For some odd reason a 1:1 ratio of assets and liabilities exists.
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Scott Duncan
Apr 21, 2016 8:18 PM
It would be ILLEGAL, otherwise.
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Scott Duncan
Apr 21, 2016 8:20 PM
LEGALLY the government is a PRIVATE PERSON ACTING as a TRUST. They cannot PROFIT.
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Scott Duncan
Apr 21, 2016 9:13 PM
Any PROFIT must be returned.
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Michael Atkins
Apr 21, 2016 11:04 PM
That's how a proper public benefit corporation is meant to be run correct?
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Scott Duncan
Apr 22, 2016 3:48 PM
It SHOULD be, ethically, but you only need show the corporation "benefits" the public as set out in its mandate. That's IF anyone with standing chooses to call the Public Benefit Corporation to account..which rarely happens.
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