Advantage and Disadvantages of Florida Non-Profits

Advantage and Disadvantages of Florida Non-Profits

Advantages and Disadvantages of Florida Non-Profits

Non-profits are a popular option for many entrepreneurs in today’s economy. As more people are becoming aware of societal needs their desire to look into alternative forms of corporate structure to promote their cause. Social enterprises are growing in Florida and serve a good cause that helps communities locally and abroad.

Forming a Non-Profit requires dedication and passion.

Advantages of forming a non-profit:

  • Tax exemption/deduction
  • Eligibility for public and private grants
  • Limited liability
  • Potentially qualify for federal student loan debt forgiveness

Disadvantages of a non-profit

  • Legal costs for administration
  • Paperwork
  • Controlled by directors
  • Financial information is public

Looking to start a business or grow your current business? Contact FL Patel Law today by visiting our website or calling 727-279-5037.

About Us

FL Patel Law PLLC is a boutique business law firm dedicated to entrepreneurs and companies.

Have a Question?