So we hear a lot about the student loan bubble. But is education itself a bubble? I've got the beginnings of an idea for a long term organization, and I'm not sure about what sort of legal structure is best. A college would probably give more tax breaks in the short term, but I'm worried that a for-profit corporation would be less affected by changing regulations.
TL;DR: does /biz think governments are going to try to get more money from educational institutions in the future? I'm Canuck if it matters.
Nobody? Then I'll give a bit more detail in hopes it will pique some interest...
The basic idea is to have a company that researches best practices for land rehabilitation. It would buy brownfield, clearcut or tax sale land and hold it while remediating it, then sell it for profit. Early investors could donate their land to the organization as a tax shelter in exchange for permanent rights to live on it, or land they've inherited but aren't using in exchange for having someone manage it.
Once a few successful 'flips' are completed, the rehabilitation could become a course that provides an alternative revenue stream.
Like I said, very early stages of an idea. would be good to hear the pitfalls from /biz, I can always count on you guys to be honest.
Good point - I hadn't considered it, but having the corporation (or school) be the legal owner would make it pretty attractive for foreigners wanting to buy land. Especially if regulations get tightened.
Annoyingly I'm living on the East Coast, so all we get is the occasional European wanting to move back to the land. That's actually how my parents ended up here.
The idea actually came from my father wanting me to not be the legal owner of his land when he passes, so that if I get in bed with someone like his first wife she can't take half of it. He can't be the only one with that concern, but I wonder how that kind of tax-and-divorce shelter could best be set up.