[986] in Commercialization & Privatization of the Internet
Re: Privitization is the issue today
daemon@ATHENA.MIT.EDU (Kent W. England)
Mon Jul 15 08:53:17 1991
From: "Kent W. England" <kwe2@BBN.COM>
To: emv@ox.com
Cc: com-priv@psi.com
In-Reply-To: <m0jyQK8-000E9RC@goose.aa.ox.com>
Date: Sun, 14 Jul 91 11:59:20 EDT
>Did ANS get their 501(c)3 non-profit status? I'd have hoped to see
>some coverage of that, especially in light of their recent for-profit
>spinoff. Given that there are semi-permeable barriers keeping the money and
>the people on these various projects apart, it would be interesting
>to see the accounting books to see just how they're juggling things.
>
There is nothing strange or inappropriate in ANS' decision to form a
501(c)3 not-for-profit and then form a for-profit subsidiary. It would
only be strange to an accountant if there were no separation. The
separation in chartering implies a separation in accounting.
There is plenty of precedent for ANS' approach to this.
--Kent
