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Forum Post: Can for-profit organizations become not-for-profit organizations?

Posted 12 years ago on Dec. 20, 2011, 3:01 a.m. EST by genanmer (822)
This content is user submitted and not an official statement

More specifically, is it possible for medium to large size businesses to do this?

And how much would the general public support a business that has converted into a not-for-profit organization?

12 Comments

12 Comments


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[-] 2 points by Phanya2011 (908) from Tucson, AZ 12 years ago

The following website discusses such a conversion on a much grander scale, and it is an interesting read: http://www.thepeacefulrevolution.com/#57

[-] 1 points by genanmer (822) 12 years ago

interesting website. Thanks for the link.

[-] 1 points by FrogWithWings (1367) 12 years ago

I am opposed to any corporation or government recognized group being tax exempt and their accumulated wealth not being taxed fairly.

[-] 1 points by genanmer (822) 12 years ago

I'm opposed to the unconstitutional IRS agency as it is basically an offshoot of the Federal Reserve. They collect taxes for the central bank are only made necessary because of the central bank's fractional reserve lending practice and their unconstitutional practice of trading fiat notes (our money) for government bonds (free interest).

The national debt continues to increase because of this.

But as far as gaining the status of not-for-profit there needs to be regulations to prevent abuse by businesses gaining this status.

[-] 1 points by FrogWithWings (1367) 12 years ago

Do you really believe that is the actual reason why the IRS collects money from Americans?

[-] 1 points by genanmer (822) 12 years ago

I believe it's the only reason the IRS is made necessary.

For-profit businesses don't contribute to the community, community members are often too poor to contribute to the community, and 'private' government agencies in general siphon more resources than they contribute to the community.

I have no problem with taxation if these funds were re-allocated to community projects that improve the overall standard of living but most aren't. Most funds are simply funneled into wars, corporate subsidies, bank bailouts, and other greed-centered nonsense.

[-] 1 points by FrogWithWings (1367) 12 years ago

It collects money/wealth for the fed as part of the many times defaulted upon bankruptcy terms.

[-] 0 points by smartcapitalist (143) 12 years ago

More wishful thinking... rainbows and unicorns.. Keep going.

[-] 1 points by genanmer (822) 12 years ago

That's more along the lines of smooth political change.

http://www.youtube.com/watch?v=adc3MSS5Ydc

[-] 0 points by smartcapitalist (143) 12 years ago

for one what you suggesting is in the realm of business and not politics. For another, I really don't understand how you guys come to think that Youtube videos, all things, are credible sources for theories on economic, politics etc. Do you guys cite Youtube videos in the reference section of your academic reports too ?

[-] 1 points by genanmer (822) 12 years ago

ha, watch the video and you'd understand the reference

[-] 0 points by smartcapitalist (143) 12 years ago

have better (and more profitable) things to do in life