The idea of a non-profit holding sounds great, but what about collateral damage if shit really hit the fan? Would it not be smarter to have a separate entity for each platform? They could all have essentially the same statutes, boards, directors etc. etc., so in case if one really got under heavy fire, the others wouldn't be affected? I know it means more admin work and probably also requires some governing policies with regards to the funding distribution, but might be cleaner in the end.
This is absolutely the correct thing to do. Do not place all your eggs in one legal basket.
Won't that be an administrative nightmare though? N times the number of income tax declarations etc?
The idea of a non-profit holding sounds great, but what about collateral damage if shit really hit the fan? Would it not be smarter to have a separate entity for each platform? They could all have essentially the same statutes, boards, directors etc. etc., so in case if one really got under heavy fire, the others wouldn't be affected? I know it means more admin work and probably also requires some governing policies with regards to the funding distribution, but might be cleaner in the end.
This is absolutely the correct thing to do. Do not place all your eggs in one legal basket.
Won't that be an administrative nightmare though? N times the number of income tax declarations etc?