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A comment on Musk sues Altman seeking a return to open source and non-profit for OpenAI [pdf]. Parent comment

Re:Musk sues Altman seeking a return to open source and non-... by hattmall on Friday March 01, 2024 @12:12PM (#39563923)
It's incredibly common, there are probably even more but these are the most asset rich companies. If properly structured even something like a local gym is going to be 6-8 entities. I took multiple entire classes dedicated to corporate structure. Multiple entities are needed to maximize liability protection and tax avoidance purposes.
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Re:Musk sues Altman seeking a return to open source and non-... by SahAssar on Friday March 01, 2024 @02:28PM (#39565761)
> If properly structured even something like a local gym is going to be 6-8 entities.

Can you explain that? It seems outrageous to me.

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Re:Musk sues Altman seeking a return to open source and non-... by 15457345234 on Saturday March 02, 2024 @03:03AM (#39570903)
It's not true, and people claiming this are just trying to normalize these bizarre weblike corporate structures when in fact they're usually used to make a business law-proof in a way that's very contrary to the intent and purpose of the relevant law.

(If your local gym is structured as 6-8 entities you should probably not go there because you're going to be screwed if you injure yourself.)

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