Like, other forms of incorporation exist, yes they can be more complicated, yes they can be imperfect, but they sure don't have "extracting private profits" as their defined primary objective, so... I don't know, you should probably have a pretty damn good reason not to be using them
@joepie91 I think the better question if auditing is what they're concerned about is what audits do they think they're getting out of if they go for a for-profit company.