How popular are L3C organizations? Are they worth forming over a traditional LLC?
Low Profit Limited Liability Companies were designed to enable a Private Foundation to invest in activities as program related investments along...
Northbrook, IL
Business Lawyer at Northbrook, IL
Practice Areas: Business, Corporate & Incorporation ... +3 more
Low Profit Limited Liability Companies were designed to enable a Private Foundation to invest in activities as program related investments along...
You may be confusing two separate aspects of your entity, how it is organized with your State and how it is taxed for federal and state income tax...
If you are inheriting this money or receiving it as a gift it is not considered income for federal income tax purposes. The inheritance or gift...
I agree with the other comments that you should meet with an attorney to discuss your goals and objectives to determine in which state you should...