Advantages and Disadvantages of Florida Non-Profits
Advantages and Disadvantages of Forming 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 Florida non-profits 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.
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