Birdwatch Note Rating
2024-09-27 20:38:36 UTC - HELPFUL
Rated by Participant: 20387D89C384BB5A40AC9646526B5CE91EF2B1E0E5E60BA6D3C848C23D97753E
Participant Details
Original Note:
Whether you can convert/process depends on the jurisdiction (i.e. what state). Each state has a process and there can also be Federal Tax issues. 35 States permit a non-profit to convert to an LLC. But money the non-profit raised must be used for its original purpose. https://www.aprio.com/can-nonprofit-convert-profit/ https://businesslawtoday.org/2018/08/mergers-acquisitions-conversions-context-nonprofit-organizations/?utm_source=newsletter&utm_medium=email&utm_campaign=august18_articles&utm_term=conversions&utm_content=non_profit https://www.swyftfilings.com/llc/convert-nonprofit-to-llc/#:~:text=Interested%20nonprofit%20corporation%20owners%20will,is%20the%20best%20way%20forward
All Note Details