28 December By Christina Weed | mendasweed

Tax Tips from the Tax Lawyer: Set Up a 501(c)(3) Charitable Organization as a Subsidiary of Your 501(c)(6)

As nonprofits grow in popularity, the number of Charitable Organizations, or 501(c)(3) organizations, is rising. A 501(c)(3) is a form on nonprofit that is ideal for fundraising, community and organizational support, education initiatives, and more. If you already have a 501(c)(6) nonprofit, you might want to open a subsidiary 501(c)(3) to maximize your nonprofit’s ability to benefit your organization’s goals. Why set up a 501(c)(3) Charitable Organization as a subsidiary of your 501(c)(6)? Your chamber,…
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