Cool.
Your statement below:
View attachment 1417055
Can be disproved easily with:
Not for profit refers to a type of organization or enterprise that does not earn profits for its owners.
www.investopedia.com
Or
en.wikipedia.org
So now you'll want to change your statement because, hey you meant Twitter.
But your original statement as is, is still incorrect right?
So now more examples ...
You understand conglomerates right? A company like Amazon, Old Mutual, Sanlam, Samsung may own many 100's other businesses PTY LTD's and listed companies.
So a few quotes from the Amazon link from earlier. Since I had it handy and I actually read it.
So here we can see that you have business that are not profitable, but can contribute something or may in future contibute something.
So your statement is again incorrect.
Another one for you, but I will let you use some imagination.
A write-off primarily refers to a business accounting expense reported to account for unreceived payments or losses on assets.
www.investopedia.com
So you can use losses in a business to pay less taxes in your other businesses.
So you'd then have a business to not make profits right?
We can also go into using Shell companies.
Or using a business to store assets.
Or using a business for a limited period for a particular project and then winding it up.