Join Date: Jul 2007
Location: Northport, NY
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Re: 2018 Boat US Insurance ... underwriter is now Geico, %20 rate increase...
Originally Posted by Rocky Mountain Breeze
I think there is a huge misunderstanding of what a nonprofit corporation actually entails. I had a nonprofit corporation to operate the Bicycle Motocross track my wife and I sponsored for 6 years so the local kids had a place to safely learn and compete. The nonprofit status simply means that the owners cannot take possession of any of the assets when the corporation is dissolved. Those employed by the nonprofit can have completely ridiculous salaries and benefits (such has been exposed in the Red Cross and other such "charities") so individuals can still be completely greedy and selfish.
Concerning corporations in general: Are you willing to invest your money in a company that guarantees to never pay you back any interest, dividends, or other gains on your original investment? If so, you guys are as ignorant as you have revealed.
I don't invest... simple
pay attention... someone's life depends on it