May 6, 2015
9:47:48am
9:47:48am
Assuming it's a 501(c)(3), company B has to be organized and operated exclusivel
exclusively for the exempt purpose. There's also a requirement that none of the earnings benefiting a private individual. If the CEO's involvement is violating any of these fundamental requirements, then he can cause it to lose the tax exempt status.
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- Mark Harlan
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