A woman asks if her Classical Conversations homeschool program should be a for-profit business or a nonprofit organization. Carol Topp, CPA explains the four differences between for-profit and nonprofits.
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Hi, Carol. Thank you so much for your clear presentation of these facts for free! Thank you, thank you!!
I have read your article about how a homeschool group’s for-profit status can affect the property tax exemption of a church where the homeschool group meets in certain states. Could you sometime speak on how a homeschool group’s for-profit status can affect a church in terms of UBIT on rental profit collected by the church? Is that even an issue?
Thank you so much!