I've already formed a "For profit company that is selling a book online that I wrote. This book is an educational book for children and their families. I want to form a non profit side of my company to solicit donations in order to purhase books from the "for profit" side. The non profit side will purchase these books and give them to high school students and their families. Is that possible? Would there be any problem with the IRS if the non profit side purchased from the For profit side?
Or should I form a different nonprofit corporation (same purpose different name) to accomplished the same thing? Would there be any problem with the IRS if the non profit corporation purchased from a For Profit corporation with both entities owned by me.
