Using an LLC as a Nonprofit

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Can an LLC be a nonprofit? Yes, but you probably don't want to. Corporations work better for this type of tax structure. Legal and tax structures are different animals, but the IRS has a bunch of restrictions on nonprofit taxation that do not mesh well with the LLC legal structure. • The applicable IRS information referred to is at https://www.irs.gov/pub/irs-tege/eoto... • Learn more at https://www.llcwizard.com/llc-vs-corp... • For More Resources... • Tax Planning: https://legalees.com/tax-planning/ • Personal Planning: https://legalees.com/personal-planning/ • Business Planning: https://legalees.com/business-planning/

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