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5 Reasons That Successful Non-Profits Are A Challenge

Startup Professionals Musings

Technically speaking, in the United States, a non-profit corporation or association is one which has been exempted from Federal income taxes by meeting the criteria set out Section 501(c) of the Internal Revenue Code, most notably religious, educational, and charitable entities like the Salvation Army. distributed cash aid from $137.9

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What is a Social Enterprise?

Up and Running

An excellent example of a social enterprise is The Empowerment Plan —an organization that hires people currently living in homeless shelters to create a combination winter coat, sleeping bag, and over-the-shoulder bag, which is then distributed to the homeless of Detroit free of charge. According to the Harvard Business Review, in most U.S.

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Should You Be Switching Your Business Entity To Protect Your Business From Further Loss?

YoungUpstarts

Switching your business entity from a sole proprietorship to an LLC, a C Corporation or an S Corporation can reduce your personal liability for business-related lawsuits and losses. In that case, an LLC might not be the right fit for your longer-term growth plans.

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More Tech Startups are LLCs

Austin Startup

Over the past few years, we’ve seen a noticeable increase in the number of emerging tech companies that, despite knowing all of the reasons why startups favor C-Corps, deliberately choose to organize their company, at least initially, as an LLC. VCs are also growing more comfortable with LLCs. But not all VCs think that way.

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4 Things You (and Every Small Business) Should Know About Taxes

Up and Running

So the S corporation splits the owners income into two parts, wages and pass-through distributions. But you’ll avoid employment tax on the income distribution. And that saves you $5,184 in employment tax you would have paid as a sole proprietorship without the S-corporation vs LLC with an S corporation tax election.

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5 Reality Checks On Running A Charitable Organization

Startup Professionals Musings

Technically speaking, in the United States, a non-profit corporation or association is one which has been exempted from Federal income taxes by meeting the criteria set out Section 501(c) of the Internal Revenue Code, most notably religious, educational, and charitable entities like the Salvation Army. distributed cash aid from $137.9

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28 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

Summit CPA is now a company with over $5M in annual revenue and our team is fully distributed throughout the United States. Thanks to Kerry, Merrily, Wendy, and Randy Mellin, Mellin Works LLC ! #24- Thanks to Daphne Subar, Subarzsweets, LLC ! #25- And I was right. Thanks to Jody Grunden, Summit CPA Group ! #12-

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