September 29, 2008

501(c) and 501(c)(3) Corporations

This morning I wanted to discuss some of the special benefits available for 501(c) corporations, better known as non-profit companies. If you’re not familiar with the term, 501(c) is a provision of the United States Internal Revenue Code (26 U.S.C. § 501(c)), listing 28 types of non-profit organizations exempt from some federal income taxes.

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