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[return to "Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]"]
1. silico+z11[view] [source] 2024-03-01 17:11:23
>>modele+(OP)
There is a lot in here but turning a non-profit into a for-profit definitely should be challenged. Otherwise why wouldn't everyone start as a non-profit, develop your IP, and then switch to 'for-profit' mode once you got something that works? You don't pay income taxes and your investors get write offs.
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2. takino+O41[view] [source] 2024-03-01 17:24:22
>>silico+z11
It would be hard to get investors though. Non-profits can only take donations and not investment. So you would have to develop your IP using your own funds. Plus, most companies are loss making in the early years so it is actually more tax-efficient to have an entity that can recognize those losses for tax purposes and offset them against future losses.
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