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Berkshire & Burmeister

Berkshire & Burmeister

Omaha, Nebraska Law Firm

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Category: Nonprofit

Advantages of a Nonprofit Owning a For-Profit Business

Most nonprofit organizations are tax-exempt under section 501(c)(3) of the Internal Revenue Code. These organization are commonly referred to as charitable organizations. A charitable organization cannot be organized or operated for the benefit of private interests. It cannot be created for the benefit of any private shareholder or individual. …

Author admin@berkshire-law.comPosted on November 2, 2021Categories Business, Nonprofit
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