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Category: Business Entities & Structures

link to How OpenAI LEGALLY Switched from Nonprofit to For-Profit

How OpenAI LEGALLY Switched from Nonprofit to For-Profit

We all know that feeling of disappointment when you fail to hit your $1 billion nonprofit fundraising goal and only raise $130 million instead, but it's how you deal with that disappointment that...

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link to Is a Joint Venture a Partnership?

Is a Joint Venture a Partnership?

A joint venture (JV) is a collaboration between two companies or organizations for a specific purpose. Examples of joint ventures are: Company A (a US company) wants to sell their product in...

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link to Can a Corporation be a Partner in a Partnership?

Can a Corporation be a Partner in a Partnership?

The answer to whether a corporation can be a partner in a partnership depends on how the partnership is taxed. There are several common types of partnerships: General partnerships (GPs), limited...

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link to Do You Need a License to Sell Microgreens in Florida?

Do You Need a License to Sell Microgreens in Florida?

Under Florida law, if your microgreens business qualifies as a "food establishment", then you must obtain a food establishment permit from the Florida Department of Agriculture and Consumer Services...

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link to What is the Trump Organization? [A Holding Company & Trade Name]

What is the Trump Organization? [A Holding Company & Trade Name]

"The Trump Organization" is a trade name (also known as a DBA or fictitious name) that multiple business entities associated with Donald Trump use. For example, on December 6, 2022 two business...

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link to How to Sell Your Company for $1 Billion & Pay ZERO Capital Gains Tax

How to Sell Your Company for $1 Billion & Pay ZERO Capital Gains Tax

"Kara sold her software company for $1.33 billion and paid ZERO capital gains taxes. I don't mean the tax bill was deferred to a later year. I mean the tax bill was erased from existence....

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