To give away their fortune, why did Mark Zuckerberg and his wife set up their charitable arm as a limited liability company? Four reasons, according to Bloomberg Businessweek: There are no limits on
its lobbying activity; t
he charity can turn a profit; it will be easier to form joint ventures; and the use of a corporate structure avoids a rule about having to give away
5% of a nonprofit foundation's value every year.
Read the whole story at Bloomberg Businessweek »
