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Can a non-profit organization change its tax status to a S or C Corporation?
Posted by admin on Jun 2nd, 2009
Donn P asked:
If so, what would be the limitations and constraints?
If so, what would be the limitations and constraints?
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Yes it can. It simply will have to start paying takes. Many of the restraints, conditions, and reports required for a 501(c)3 corporation will be lifted. The board of directors will have to approve the change.