Few people know this, but many #Bitcoin companies are actually set up as non-profits.
There's a good reason for that.
Operating as a United States 501(c)(3) nonprofit is a strategic move for Bitcoin projects to receive funding in a win-win kind of way, because donations to these kinds of nonprofits are tax deductible for the donor.
⚡️ So the donor wins by saving taxes on their overall wealth.
⚡️ Bitcoin projects win because they receive the necessary funds to build and operate.
⚡️ The Bitcoin network and community wins from the value the project adds.
Talk about aligned incentives!
If you're in the process of starting a Bitcoin business, or your current setup doesn't quite work for you - it's worth exploring this option. We're breaking it all down in this episode.
https://fountain.fm/episode/UsMGwY7VJUwAAXJ6IT2k
Enjoy, and please share it with your friends! 🙏⚡️
There's a good reason for that.
Operating as a United States 501(c)(3) nonprofit is a strategic move for Bitcoin projects to receive funding in a win-win kind of way, because donations to these kinds of nonprofits are tax deductible for the donor.
⚡️ So the donor wins by saving taxes on their overall wealth.
⚡️ Bitcoin projects win because they receive the necessary funds to build and operate.
⚡️ The Bitcoin network and community wins from the value the project adds.
Talk about aligned incentives!
If you're in the process of starting a Bitcoin business, or your current setup doesn't quite work for you - it's worth exploring this option. We're breaking it all down in this episode.
https://fountain.fm/episode/UsMGwY7VJUwAAXJ6IT2k
Enjoy, and please share it with your friends! 🙏⚡️
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