Nj. Is it possible for an llc to be granted tax-exempt status if the mission of the company is educational?
Jeffrey Lippman ∙ September 30, 2019
There are really two questions here at least. Tax exempt status is typically granted on both a Federal and State level. Educational purposes is one of the quintessential 501(c)(3) missions. The other issue is whether a LLC can be tax exempt. It can be but there is far more law on corporate tax exempts. To discuss all the issues involved so you can make the best decisions, I urge you to schedule a full consultation with your LegalZoom provider law firm.
Jeffrey Lippman's offices are located in Leesburg, Virginia. Mr. Lippman is licensed to practice law in the District of Columbia and the state of Maryland, and his comments may only apply to those jurisdictions. If your question applies to a different jurisdiction you should check with an attorney in that jurisdiction. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.
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