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How to Keep Tax-Exempt Organizations in Compliance - 9/9/2008
S&A Nonprofit Educational Seminar - 9/15/2008
S&A Nonprofit Plan Giving - 10/8/2008
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Featured Article
Hybrid Structures

By Courtney Waggoner
Staff Associate
Seton & Associates

Generally, there are not many restrictions on for profit entities (either limited liability companies or corporations) regarding the activities conducted, so long as such activities are not illegal.  For profit entities generally sell goods or services to the public and it is anticipated that those individuals or organizations that own such for profit entities will benefit in some way from the operation of the entity’s business.

However, with nonprofit entities, there are strict restrictions on benefits accruing to individuals or organizations.  Specifically, 501(c)(3) public charities are required to offer programs which benefit the entire public.  Treasury Regula...

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