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Moving to a 501(c)(3) structure–some warnings

I’m amazed. Both of the contacts to whom I wrote yesterday afternoon have already replied. And their replies to my question about moving toward 501(c)(3) status were not encouraging. Read the rest of this entry »

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“Non-profit” organizations

Our proposed legacy plan includes the idea that we should reposition/restructure/transfer the assets of our S-Corp to a 501(c)(3) [non-profit/tax-exempt] organization.

That’s a fairly significant . . . –no; downright radical–proposal. And we’ve got to think and pray about the implications and consequences and just, plain, how to do it effectively (if we do it–indeed, if we are able to do it–at all).

So this morning, at breakfast, I mentioned to some men from our church what we are thinking about.

In response to what I said, Read the rest of this entry »

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