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Isn't that dealt with by running a non-profit? "Churches, charities and other non-profits are also exempt." If you need a a commercial company to make money b
by jlokier 6y ago
Isn't that dealt with by running a non-profit? "Churches, charities and other non-profits are also exempt."
If you need a a commercial company to make money before handing it over, here in the UK it is common to set that up as a subsidiary of the non-profit. Charities do it all the time, a subsidiary company runs the charity shops, and gives the profit to the parent charity. This allows the shops to be run more like a commercial operation, with fewer constraints than a charity is required to follow, then when the money is handed up to the charity those constraints apply to how it is spent or distributed to other charities.