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Can a non profit organization own a franchise?
Yes They can, it is considered social business.
Can a non profit company turn a profit?
Yes. Non profit is a tax status.
Is apple a profit or non-profit business?
profit.
How do you become a non profit organization?
By... being a non profit organization?
What is non profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
Can a non profit create an LLC?
Yes, although you will have to file a bit differently than with a typical profit LLC.
Does Georgia allow non-profit LLC?
Georgia does not appear to have legal language which permits a non-profit to have LLC status. There may be exceptions, which would be best discussed with an experienced business attorney in the state of Georgia.
What is the difference between an LLC and a Non-Profit?
Some statesdo allow non-profit LLcsIt is my understanding that some states allow non-profit LLCs. I'm an attorney in Missouri, and a friend at the local Secretary of State office made a passing comment one day that he was seeing more and more non-profit LLC filings, which was the first I had heard of them. I personally am still researching the issue, but I find the idea of a non-profit LLC very enticing. One distinction here in Missouri is that the non-profit corporations statute in Missouri requires 3 directors, while the Missouri LLC statute allows for single-member LLCs. As such, I think you could actually create a non-profit LLC with only one director and avoid the 3-director rule under corporations.As LLCs are much less formal and have less meeting structure and such, a non-profit LLC would be a good thing for those looking to form a non-profit without some of the structures required of corporations. I have no knowledge of how the IRS handles non-profit LLCs, though, in regards to filing for 501(c)(3) status.Non-Profit OverviewA non-profit corporation is an incorporated organization that is not intended to distribute profit to its members or owners, but instead uses them to pursue its goals. Non-profit does not literally mean that a non-profit corporation cannot make a profit. A non-profit can take in more many than it spends, as long as the non-profit is organized and operating from a non-profit purpose. Tax-free profits may be used for the benefit of the organization or for operating expenses (including officer, director and employee salaries. However, profits, in the form of dividends, cannot be distributed to its officers, directors or employees.
Can your business have LLC and 501c3?
It is possible to have a LLC and 501c3, but the IRS sets conditions. A non profit and a limited ?æLiability company may have shared values but not enough structure.
Who owns the nspcc charity?
It falls under the LLC sector or the public non profit organization.
Is Asda Walmart a profit or non profit organization?
i think that it is a profit organisation as they make money out of what they do such as own brands etc
Who owns non profit organization?
wrong spelling....i dont understand.. Nobody can own a non profit organiSation :) Isn't there spell check on this?
What are the benefits to be a nonprofit LLC vs nonprofit corporation for getting 501c3 status?
The benefit to getting 501c3 status is the ability to accept charitable contributions. I am not familiar with a nonprofit LLC. There has been a movement in the past few years to create a hybrid of for profit and non profits called an L3C, low profit limited liability corporation.
Can a non profit organization own a franchise?
Yes They can, it is considered social business.
Why do we have non profit organizations?
why do we have non profit organizations
Can a non profit company turn a profit?
Yes. Non profit is a tax status.
What is an operating agreement?
Typically this is for an LLC to spell out who owns what. For Example, in a corporation ownership is determined by who owns what shares, if there are 100 shares and you own all of them then you own 100% of the company.In an LLC, owners are referred to as "members" and they own a percentage of the LLC. Since the State does not ask who owns what percent, an llc operating agreement states which members own the percentage(s) of the LLC.
