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Besides this, I don't see why they would need to convert their status. There are almost no restrictions on running a non-profit, beyond not having "owners" or p
by ProblemFactory 11y ago
Besides this, I don't see why they would need to convert their status. There are almost no restrictions on running a non-profit, beyond not having "owners" or paying dividend.
The restrictions only apply to non-profits that want to be tax-exempt by the IRS. If you aren't considered charitable enough, then you just pay taxes as usual, but nobody is going to force a shut down of the non-profit because of that.
- protomyth 11y agoThere is some maximums in the law that make non-profit status problematic. I worked for a non-profit that had for-profit parts because they had exceeded some of the limits. I'm pretty sure (although its been almost 20 years) that the problem was number of employees and their salaries.