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Yes, of course, and many such tax-exempt organizations do.
However, the law restricts how it may spend that profit, specifically prohibiting any payments to individuals in the form of dividends or other payments outside of ordinary contracts within the scope of the charter.
There may be limits to how much profit a tax-exempt (501) nonprofit may keep from different sources, such as its own investments, without risking having to pay taxes.
What else can I help you with?
Where can I find more information on 501c?
501c is the IRS form for non-taxing for non profit organisations. I recommend you consult a tax lawyer who will be able to organise this best for you.
Is a 501c organization a non profit organization too?
You can probably find the most information on the main site of the 501c organization. But probably can find information about it on the Wikipedia site.
What is a 501c and why do you need it?
A 501c is an American non-profit organization. If you are planning on organizing a non-profit organization in order to receive donations and raise funds for said organizations you must apply for a 501c and then if approved you can operate your non profit organization under 501c laws and guidelines.
Where can I find information on 501c and tax exemptions?
501c is for non-profit organizations only. Any online tax help site will be happy to help you with your taxes, or visit a tax office such as H&R Block to receive help.
How did people make a profit in the south in the 1700's?
Slavery. :3
How do traders make a profit in the currency exchange market?
my name is reza from Iran to make a profit in the currency exchange we must have 3 things 1 - enough time 2- enough money 3- a good strategy
How do traders make a profit in currency exchange market?
my name is reza from Iran to make a profit in the currency exchange we must have 3 things 1 - enough time 2- enough money 3- a good strategy
What are 3 motivations of a business?
Profit, profit and profit.
What happens if you don't make a profit?
you dont make a profit
What is a profit motive 3 paragraphs plzz help?
The term profit motive is used in economics. It means the concept or goal a company uses to make money.
3 methods of establishing retail price?
1.make sure that you alwats have profit. 2.think about your customer's welfare. 3.make your product affordable.
Why coke did not make profit in India?
coke did make a profit but for some people it did not
