> No, a non-profit is one in which there are no shareholders. Again, I am not a ... | Hacker News

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		csomar on Sept 26, 2024 \| parent \| context \| favorite \| on: OpenAI to become for-profit company > No, a non-profit is one in which there are no shareholders. Again, I am not a lawyer but that makes no sense. Otherwise, anyone can claim the non-profit? So clearly there are some beneficial owners out there somehow.

blackhawkC17 on Sept 26, 2024 [–]

The nonprofit is controlled by trustees and bound by its charter, not shareholders. Any profit a nonprofit organization makes is retained within the organization for its benefit and mission, not paid out to shareholders.

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