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Katie Meadows
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Experience with LLC vs not-for-profit?

There is a new theatre group in my area that is looking for guidance and I'm at a bit of a loss regarding some particulars. The group has chosen to become a LLC instead of applying for 501(c)(3) sta…

Started Mar 21

 

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Katie Meadows replied to Katie Meadows's discussion 'Experience with LLC vs not-for-profit???' in the group Management And Fundraising
Thanks Scott. You pretty much confirmed my suspension regarding inability to receive tax deductible donations. This decision was made and carried out before I came on board just yesterday. Considering some of the other decisions they've made, and…
March 21
Scott Bloom replied to Katie Meadows's discussion 'Experience with LLC vs not-for-profit???' in the group Management And Fundraising
Very odd decision. Donations to an LLC are not tax deductible because they can't be considered a tax exempt corporation. I'm not sure about receiving distributions from an umbrella corporation, either, regardless of their status. I know a couple of…
March 21
Katie Meadows added a discussion
Experience with LLC vs not-for-profit?
There is a new theatre group in my area that is looking for guidance and I'm at a bit of a loss regarding some particulars. The group has chosen to become a LLC instead of applying for 501(c)(3) status and has been absorbed by an umbrella corporati…
March 21
Katie Meadows added a discussion to the group Management And Fundraising
Experience with LLC vs not-for-profit???
There is a new theatre group in my area that is looking for guidance and I'm at a bit of a loss regarding some particulars. The group has chosen to become a LLC instead of applying for 501(c)(3) status and has been absorbed by an umbrella corporati…
March 21

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What's the last show you worked on?
You Can't Take It With You
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