Congress Could Consider Creating New Category of Organization, Expert Says
"We might see the emergence of some proposals to establish what I'll call, for the lack of a better term, a for-benefit corporation -- something that is in between a private taxable company that's under our rules of C corporations or S corporations and partnerships but also not under our rules having to do with charities," he said.
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%0D%0A"We%20might%20see%20the%20emergence%20of%20some%20proposals%20to%20establish%20what%20I'll%20call,%20for%20the%20lack%20of%20a%20better%20term,%20a%20for-benefit%20corporation%20--%20something%20that%20is%20in%20between%20a%20private%20taxable%20company%20that's%20under%20our%20rules%20of%20C%20corporations%20or%20S%20corporations%20and%20partnerships%20but%20also%20not%20under%20our%20rules%20having%20to%20do%20with%20charities,"%20he%20said.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Farticle%2Fcongress-could-consider-creating-new-category-organization-expert-says%2F" target="_blank" class="email" data-post-id="10914" type="icon_link"> Email Email 0 Comments Comments