3 ms·

Sounds like this has highlighted a wonderful side hustle opportunity that the big guys will never come in and take over.

• gamblor956 5y ago
  I don't follow. In order to take advantage of this exemption, you need to be a registered 501 non-profit, and you need to run this activity at a loss or break-even (at best).
  • abraae 5y ago
    My thoughts were this seems like something a one, 2 or 3 person business could run, and it should be possible to extract decent salaries out of it while still remaining in conformance with non-profit rules. Safe in the knowledge that no megacorp is coming to take it from you.
    • gamblor956 5y ago
      What you describe would not be possible, as it would violate a number of rules applicable to 501(c) entities. As described, the big concern with your hypothetical is private inurement.