Non-profits
Forming a non-profit corporation can be very beneficial, but it is crucial to remember that these corporations are regulated by both the federal and state governments. Non-profits are required by law to distribute their profits in a specific manner. Unfortunately, there is sometimes a belief that these corporations can be used to reduce or even evade taxes. While there is a group of people who do so, that is illegal and should be avoided at all costs. We at LG CPA can assist you in forming a non-profit, resolving tax issues, and maintaining accounting and bookkeeping records.
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