Legal Question in Business Law in California

Re: Non-profit

Setting up a learning institution is a complicated matter. Do you have a business plan? I can help you set up a non-profit, but it often requires a couple of dozen hours of attorney time. If you are serious about this, please send me an email to proceed.

Best,

Daniel Bakondi, Esq.

IMPORTANT:

No attorney-client nor confidential relationship is created through this communication. You may not rely in any way on this communication, and nothing herein constitutes legal advice nor legal opinion. Your issue may be time sensitive and may result in loss of rights if you do not obtain an attorney immediately.

Re: Non-profit

Not all non-profits have tax exempt status. However if your non-profit is tax exempt, then the advantage is that the people who donate to it can take a tax deduction. Non-profits are nonstock so you may not sell the company. The assets of a non-profit will need to be transferred to another non-profit upon dissolution. There is more to it, but those are some basics.

If you are concerned with selling it, you may want to consider a for-profit C Corporation or S Corporation. You may contact me to discuss fees if you are considering any of these options.

Sincerely,