So you might still be able to do an "intellectual property transfer" to them and use it as a tax write-off. The "LF Projects LLC" is then the new owner, only the operating company who has the ongoing hosting contracts for the websites.
Edit: Not sure if a donation to 501(c)(6) can be used as write-off without using some other legal loopholes. Quick AI search told me that only 501(c)(3) can do the donation tax write-off thing.
I'm sure there are some good tax lawyers behind this, who am I to understand it as a mere mortal I am just jealous.
The motivation is to move the IP and trademark into a separate organization so it's no longer owned by Spiral. This means we can't re-license it later, we'd have to fork it, because the Vortex trademark and all that is controlled by LF.
But I think my argument still stands. Linux foundation is a 501(c)(6) nonprofit, see https://www.linuxfoundation.org/legal/bylaws
So you might still be able to do an "intellectual property transfer" to them and use it as a tax write-off. The "LF Projects LLC" is then the new owner, only the operating company who has the ongoing hosting contracts for the websites.
Edit: Not sure if a donation to 501(c)(6) can be used as write-off without using some other legal loopholes. Quick AI search told me that only 501(c)(3) can do the donation tax write-off thing.
I'm sure there are some good tax lawyers behind this, who am I to understand it as a mere mortal I am just jealous.