Tip - Could You Turn Your Business Into a Nonprofit?

The tax-exempt status of a non-profit is quite alluring. In addition, non-profits are eligible for a variety of government grants and funding. Like many business owners, you may have wondered whether your firm could reap the benefits of being a non-profit. After all, who wouldn't like to pay less for postage? However, converting an existing venture to not for profit status is not as easy as just saying goodbye to your tax bills.
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