Author: Allen Bromberger

Faster but Tougher – IRS Review Focuses on Private Benefit and Commerciality

The Exempt Organizations division of the IRS is functioning again judging from the considerable improvement we’ve been seeing in the time it takes to respond to applications.  But while the substantial delays in processing submissions for tax-exemption have all but disappeared, we …

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IRS Says Agreement With For-Profit Won’t Jeopardize Nonprofit Group’s Exempt Status

On October 3, 2014, the Internal Revenue Service (IRS) issued a Private Letter Ruling (PLR 201440023) that opens the path for charities to monetize their intellectual property through commercial arrangements with for-profit companies. The ruling approves an arrangement between a 501(c)(3) charity …

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Canada Creates a New Hybrid Legal Form for Social Enterprise

The government of British Columbia recently approved regulations providing for the creation of “community contribution companies” (CCCs), a new corporate structure designed to bridge the gap between for-profit businesses and non-profit enterprises. CCC’s are really designed for companies that adopt a hybrid …

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