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Nonprofit organizations are usually formed as corporations, but can an LLC be a nonprofit? A limited liability company (LLC) or a Low-Profit LLC can exist as a nonprofit limited liability company, if the LLC is completely owned by the single tax-exempt nonprofit organization and the LLC meets a dozen requirements as set forth in an IRS mandate called: “Limited Liability Companies as Exempt Organization Update.” LLCs aren’t usually formed as nonprofit (or, technically, tax-exempt) organizations because most people find the process complex and realize forming as a nonprofit corporation is more straightforward.

A "foreign" entity must file a notice of doing business in any state in which it does substantial regular business.

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After you've made a last will, one question many people have is where to store the document.

Each year the IRS revokes the tax-exempt status of nonprofits for failure to comply with the rules and regulations or adhere to the tax-exempt purpose.

LGA proactively communicates with clients when any organizational activities may put their tax-exempt status at risk.

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