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Raspberry Pi becomes a public company
(www.theregister.com)
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this post was submitted on 11 Jun 2024
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One of the saner reasons for this structure is that the non-profit owns the things the for-profit works on. If the for-profit goes under, all things are still owned by the non-profit, so some large tech company can't swoop in and yoink anything available.
This includes any and all data generated by the for-profit, which means your data is "safe".
The non-profit could sell the for-profit, or it would inherit the debt of the for-profit if it didn't bankrupt it.