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Thanks for the ultimate answer.

To answer your question, we were incorporated as a for-profit company, not a charity. This was due to bad advice we were given years go. We were in the process of reclassifying as a 501(c)(3) company when circumstances changed and we decided to shut down instead.

A lot of mistakes were probably made in the way we're handling the divestiture, but we have an attorney and accountant that are working with us.

Thanks again,
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