this post was submitted on 07 Jun 2024
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Privacy
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Surely not or else companies would be doing this every day to avoid litigation.
The mercenary company Blackgate(?) has done it a dozen times.
Again, I have no idea what I am talking about but you can have provisions to protect assets in bankruptcy. But besides that, I am not sure if distributing the assets to another nonprofit entity prior would help save the archived data
https://www.wolterskluwer.com/en/expert-insights/dissolving-a-nonprofit-when-and-how-to-dissolve-a-nonprofit
I mean, companies with a lot of employees, sure. But companies that are mostly just data, like movie watching sites, do it all the time