When you’re planning to launch a startup, one of the first considerations you face is which business type best suits your burgeoning company. While you may be set on filing as an LLC or an S-Corp, one other option appeals to many entrepreneurs: the non-profit structure.
Creating a non-profit can be a great plan for companies that perform educational, charity, scientific, literary or religious work benefiting the public, and these organizations may be exempt from paying taxes. However, there are some important considerations you should know if you’re thinking of organizing your business this way. Check out a few of those below.