• NostraDavid@programming.dev
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    6 months ago

    Nonprofits can “own” for-profits.

    One of the saner reasons for this structure is that the non-profit owns the things the for-profit works on. If the for-profit goes under, all things are still owned by the non-profit, so some large tech company can’t swoop in and yoink anything available.

    This includes any and all data generated by the for-profit, which means your data is “safe”.

    • Linkerbaan@lemmy.world
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      6 months ago

      The non-profit could sell the for-profit, or it would inherit the debt of the for-profit if it didn’t bankrupt it.