Small Businesses

Infographic: The Pros and Cons of Organizing As a Non-Profit

1 min Read
August 18, 2020

Author

Escalon

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.

Talk to our team today to learn how Escalon can help take your company to the next level.

Expertise you can trust

Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.
Quality and consistency

Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.
Scalability and Flexibility

Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Taxes

The Cost of Waiting: Why Proactive Voluntary Disclosure Agreement (“VDA”) Filing Almost Always Beats an Audit

Unaddressed, historical state tax exposure is often an outgrowth of being focused on building a company and not properly keeping track of an expanding state and local tax footprint. The exposure accumulated as the...

Taxes

R&D Tax Credits for Non-Tech Companies: Are You Missing Out?

When most business owners hear "R&D tax credit," they immediately think of software companies and biotech firms. This narrow perception costs non-tech businesses billions...

Taxes

5 Business Triggers That Should Prompt an Immediate Nexus Review

There is a persistent myth in the world of state and local tax compliance that a nexus review is something...

Accounting & Finance

The SaaS Rule of 40: What It Means and How to Achieve It

If you're running a SaaS business and talking to investors, you've probably heard someone mention the Rule of 40. This simple metric has become a...

Accounting & Finance

Common Audit Findings in SMBs and How to Avoid Them

Nobody enjoys finding out that their financial audit uncovered significant deficiencies. Yet according to data from the Center for Audit...

People Management & HR

The True Cost of Employee Turnover: How to Calculate and Reduce It

Employee turnover represents one of the most significant yet often underestimated costs facing American businesses today. While most business owners recognize that...