Three who are unrelated by blood or marriage. Keep in mind that officers may be "reasonably" compensated. For example, if an organization receives $100,000.00 in its first year, and an officer receives a $50,000.00 salary, the IRS would probably consider this an "unreasonable" amount. Also, a non-profit corporation must report its payroll just as any other organization would be required to do.
To learn more and speak with a representative, please call us at (888) 381-8758. We are happy to answer any questions you may have.
