Birdwatch Note Rating
2024-09-27 15:35:22 UTC - HELPFUL
Rated by Participant: 6ACFEAE8066A0A82C69D5174F18EC1F39995EC0EC3C136550EBD1C9F4F8E6383
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