Have you been considering whether to start a non-profit versus a for-profit company? Operating as a non-profit does not mean that the principals in the organization must submit to a life of poverty. On the contrary, many directors of non-profit organizations are very well paid. The IRS requires ?reasonable compensation,? a mushy standard that is often best met by looking to the salaries of directors and employees in similar organizations. This brief article explores some of the key considerations.
Read the Article at:
Not-for-Profit vs. For Profit Organizations
Source: http://www.fizzlaw.com/article/not-for-profit-vs-for-profit-organizations
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