FORMATION AND OPERATION OF A CCE
As mentioned previously, a CCE requires two entities, a not-for-profit corporation and a subsidiary entity. The most important requirement in their formation is that neither can have any individuals as shareholders, members or other stakeholders. The primary reason for this is the corporation and its subsidiary cannot distribute net profits or be responsible to any shareholders, members, or other stakeholders.
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Jonathan D. Cope, Esq. /
npub1tm…cqlpq
2024-05-27 05:08:01
Author Public Key
npub1tmwk8hl68m0e8ftg7xxwmmnrnwatdy8r2v9xw6tcuxqtpw3hpw6qvcqlpqPublished at
2024-05-27 05:08:01Event JSON
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"content": "FORMATION AND OPERATION OF A CCE\n\nAs mentioned previously, a CCE requires two entities, a not-for-profit corporation and a subsidiary entity. The most important requirement in their formation is that neither can have any individuals as shareholders, members or other stakeholders. The primary reason for this is the corporation and its subsidiary cannot distribute net profits or be responsible to any shareholders, members, or other stakeholders.\n\n1/",
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