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How old do you have to be to run a non-profit organization?

Can you legally run a nonprofit organization and also run a business and use the the business to support...?

  • We are thinking of open a profit business to support a nonprifit business in Montana. Can you legally do that? We want to use the nonprofit part as a tax shelter

  • Answer:

    You really would need to consult a tax advisor to get a good answer. A for-profit business can deduct donations (within limits) to a 501-C3 entity, even if both corporations are controlled by the same people I think. If that's what you're asking.

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it wouldnt work cause before any electronically traceable income leaves your profit business and goes into to your "non profit" it will already have been taxed by the govt like a convict getting pulled over on a highway and i highly doubt the irs will give you tax credits on such unless your spending more on non-profit public service than what you make which in that case will be self defeating unless being a charity is your true intention

Wal

The purpose of a nonprofit organization is to provide services to its members or to the public. It is NOT a tax shelter so YOU don't have to pay taxes for the public services that YOU are only to happy to use. What you plan is illegal. STOP DOING IT. You are a pig.

Pat

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