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djohnson(XLCmember) · 04-01-2009, 09:45 AM

Ohio I think what Igzy is saying is: Daystar was a for profit enterprise. LSM is a non-profit enterprise. Technically speaking LSM must plow it's profits back into it's legit ministry activities ("legit" being often loosely defined by non-profits). Paying back the debt incurred by Daystar is not one of these activities. However Lee personally as a matter of good will and integrity could have paid back the debt.

04-01-2009, 09:45 AM	#60
djohnson(XLCmember) Member Join Date: Jul 2008 Posts: 318	Re: Questions about Daystar Ohio I think what Igzy is saying is: Daystar was a for profit enterprise. LSM is a non-profit enterprise. Technically speaking LSM must plow it's profits back into it's legit ministry activities ("legit" being often loosely defined by non-profits). Paying back the debt incurred by Daystar is not one of these activities. However Lee personally as a matter of good will and integrity could have paid back the debt. __________________ My greatest joy is knowing Jesus Christ!