M Line Holdings Inc (MLHC)

[stervc]

Further Non-profit Rise Therapeutics & MLHC thoughts...

To further explain this... MLHC is considered the "for-profit" entity and the "non-profit organization" entity is the "Summit Medical Compassion Center, Inc." that "owns" the company known as "Rise Therapeutics, LLC" of which has the deal with MLHC. Read the link in detail below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145360399

Then read this below per the link below...

https://www.sikich.com/insight/non-profits-rules-entering-joint-venture-arrangement/
For decades, non-profit organizations have been looking for ways to increase revenue in order to better achieve their charitable (or exempt) purpose. One way they have found to do this is by entering into a joint venture arrangement with a for-profit entity. The joint venture arrangement provides details on the creation of a partnership of limited liability company (LLC) that is owned by a non-profit organization and a for-profit entity. The revenue earned by the non-profit organization from the joint venture would be tax exempt if the joint venture arrangement follows the guidelines set in Revenue Ruling 98-15. ...
...
2. The joint venture agreement explicitly provides for the furtherance of the charitable purpose and only incidentally for the benefit of the for-profit owners. ...

Important to note... MLHC is buying the products from Rise Therapeutics, LLC and they are splitting the profits 50/50 between the two companies. Rise Therapeutics, LLC will have to re-invest their profits back into the company to keep their books straight per the non-profit organization rules, but MLHC will be able to keep their profits and list them as Revenues towards generating profits for their books to be straight per the rules.

v/r
Sterling