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Re:The new 501(c)(3) and the future of free software in the US by wfjackson on Tuesday July 01, 2014 @01:39PM (#7972269)
Maybe I am a little confused, but what you described sounds like how Mozilla Corp.(for profit) and Mozilla Foundation(nonprofit and tax exempt, which owns the Corp as a subsidiary) are organized.
Re:The new 501(c)(3) and the future of free software in the US by belandrew on Tuesday July 01, 2014 @03:21PM (#7972908)
You're definitely confused. Mozilla is the reverse of the described scenario. If Mozilla corp owned the non-profit, rather than how it currently is, then it would fit.