Re: Mozilla For Profit?

Randy Kramer wrote:

>On Wednesday 03 August 2005 11:09 am, Anthony Long wrote:
>  
>
>>Was wondering if some of the Mozilla board members on this list and
>>others could weigh in on why the change and how the new corporation
>>intends to make money and also thoughts on similar strategies for other
>>consumer-facing open source projects like OpenOffice.org.
>>    
>>
>
>The following is definitely OT for this list, but I'm curious (or more):
>
>   * Can a corporation be created with no stockholders?  (Is that what a 
>subchapter S (or some other letter) corporation is?)  Or, more to the point: 
>could I create my own corporation with no stockholders and achieve the 
>benefit of freedom from (most) personal liability that is achieved by a 
>traditional corporation?  (Or, is creating a corporation with no stockholders 
>something that only some non-human entity (like the Mozilla Foundation) able 
>to achieve?)
>  
>
Absolutely.  Corporations are set up to protect individuals - 'S' corps 
fit the bill for most sole proprietors.  No stock
need be issued.

>   * It's not 100% clear from the article--has the Mozilla Foundation lost any 
>tax-exempt status they might have had as a non-profit?
>
>Sorry for the noise!
>
>Randy Kramer
>
>  
>