For profit lending money to an affiliate non-profit org
by Ldavidson.doc, Window Shopper
- Created: July 31, 2013, 1:39 am
Hello All! I own a for profit business but I was thinking of starting a non-profit org and making that org an affiliate under my for profit company. Can my for profit company legally loan money to the affiliate non-profit org to be used for start-up cost an initial operating cost until the non-profit have enough donations and grants to stand on its own? What will you advice?
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