Can a non-profit organization change its tax status to a S or C Corporation?
Posted on June 2, 2009 by admin
Donn P asked:
If so, what would be the limitations and constraints?
If so, what would be the limitations and constraints?
Posted on June 2, 2009 by admin
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.