Gilmore Posted October 20, 2015 Share Posted October 20, 2015 A non-profit (NP) is spinning off employees who are creating a for profit company (FP). The FP will be owned 75% by a venture capital firm and 25% by the NP. The FP will have representation on the NP's board. Can anyone tell me at what level of representation would a controlled group exist? Is it 80% of the board controlled by the FP, or is it only 55% since the NP owns 25% of the FP? Or am I completely off base altogether? Thank you so much. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now