Will I be exempt from taxes under code 1702.01?
No. O.R.C. Chapter 1702 is the Ohio nonprofit corporation statute - it has nothing to do with federal tax exemption under 501(c) or federal tax...
Saint Louis Park, MN
Corporate and incorporation Lawyer at Saint Louis Park, MN
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No. O.R.C. Chapter 1702 is the Ohio nonprofit corporation statute - it has nothing to do with federal tax exemption under 501(c) or federal tax...
Please take my comments as education only, and not any formal legal advice. While it's certainly advisable to formally incorporate, it's not a...
The difference between a for-profit and nonprofit is not about the pricing of products. How do you decide whether to pick a nonprofit or a...
A nonprofit can pay an employee or independent contractor with goods, services, and/or money. If the value of the goods/services, or the money, is...
You are correct, the length of time it takes to start a nonprofit DOES depend on many factors. However, if you have a clear, defined idea that...
Under the laws of most states, a nonprofit must have at least 3 Board Members. Here in Minnesota, the nonprofit must also have two officers: a...
This is a tricky question. Generally, nonprofit organizations must use their assets to further the mission of the organization. The general...
Abullah, A great person to consult about this matter is Attorney Vincent Martin. He is highly regarded in this legal area and would be willing...
As the last two contributors mentioned, all 501(c) organizations, like churches, must file Form 990s. The Form 990 is public record and includes...
Mr. Wukovich did a nice job of answering this question for you. However, being licensed in Ohio and having practiced in the Dayton courts, I...