Can I Form a Non-Profit LLC, 501c3?

Philanthropists often ask about forming non-profit LLCs, otherwise commonly referred to as 501c3. Due to IRS regulations, LLCs are not able to be assigned tax-exempt status directly. A 501c3 is a coveted designation because it exempts a company from federal taxes, sales taxes, and property taxes. This can be incredibly helpful to a nonprofit. You […]