Comparing a Nonprofit to an LLC or Corporation

Comparing a Nonprofit to an LLC or Corporation

Nonprofit corporations enjoy the same liability protection as regular corporations and limited liability companies. In other words, your directors, trustees, members, and employees are not generally responsible for corporate debts and liabilities. There are also significant federal and state tax benefits available for incorporating as a nonprofit. But one of the most attractive benefits of forming a nonprofit is the opportunity to receive grants from the federal government and private foundations.

 

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