Posts by carolmartin

It might seem like a great idea to start a nonprofit to avoid paying taxes, yet one should know what a nonprofit organization really is. A non-profit is established to benefit the purpose of a community or the public instead of making profits for the owners or stockholders. This implies that whatever income it makes should be reinvested in the mission of the organization, which can be education, charity, or social welfare.The notion that nonprofits are merely a tax loophole…