2 ms·
Looking over Michigan's Nonprofit Corporation Act it seems a Domestic Non-Profit Corporation would meet the IRS 501c3 requirements. The act even borrows definit
by c22 11mo ago
Looking over Michigan's Nonprofit Corporation Act it seems a Domestic Non-Profit Corporation would meet the IRS 501c3 requirements. The act even borrows definitions from IRS Publication 501.
It looks like Michigan Domestic Non-Profit Corporations cannot allow their proceeds to benefit private parties. So they are a nonprofit if that helps you pick a side. It seems like an asinine point to pivot on, though.
- margalabargala 11mo ago> It seems like an asinine point to pivot on, though. Whether or not they are a nonprofit is not a point I care about on its own. What is a point to pivot on, is if they claim to be a nonprofit, but make that claim in a misleading way. It is highly unusual to be a 501c3-compatible state nonprofit but not actually bother to become a 501c3. You're essentially opting to pay federal taxes unnecessarily. It makes one wonder why.