Replies to post #34886 on M Line Holdings Inc (MLHC)

[tutankhamuns]

Non Profits: Rules For Entering A Joint Venture Arrangement

https://www.sikich.com/insight/non-profits-rules-entering-joint-venture-arrangement/

SEVERAL IMPORTANT POINTS UNDER REVENUE RULING 98-15 ARE:

1. The non-profit organization must have control (in substance as well as form) of the partnership or joint venture.

2. Benefit to the community (or the non-profit’s charitable purpose) must explicitly be put ahead of the partnership’s profitability.

All profits from this agreement must be reinvested into the non-profit organization and will not benefit MLHC in any capacity.

MLHC = SCAM.