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Nonprofit UNPLUGGED

This show connects with other passionate creators who are looking for a way out of their dead-end careers and doesn't know they can create a new career in the world of nonprofit entrepreneurship OR have the strong urge to start a nonprofit but don't know where to start. This show will teach you all the fundamentals you need to know about nonprofits and how you can shift gears toward a fulfilling and profitable career and business as your own boss making a REAL societal impact.

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Nonprofit UNPLUGGED

YES, You Can Have a Nonprofit LLC

November 29, 2024 • Shakira • Episode 70

In this podcast episode, we'll explore a topic that may seem confusing: can an LLC be a nonprofit? Many people assume that only corporations can be structured as nonprofits, but it turns out that LLCs can qualify as nonprofit organizations too. As we'll learn from the insights provided by experts in the industry, forming a nonprofit LLC requires following a specific set of rules, including requirements regarding the purpose of the company, the membership structure, and the use of assets in the event of dissolution. We'll dive into these rules and discuss the pros and cons of forming a nonprofit LLC versus a nonprofit corporation. Whether you're an entrepreneur or interested in the nonprofit sector, this episode will provide valuable insights into a little-known aspect of the business world.

Read more about nonprofit llcs HERE:

https://www.americanbar.org/groups/business_law/resources/business-law-today/2017-march/nonprofit-llcs/
https://www.wagenmakerlaw.com/blog/llcs-and-nonprofits