Listing the jurisdiction or jurisdictions in which you might incorporate, as well as a general description of your intended purpose, would probably help.
Thanks, Jason. Jurisdiction would likely be Massachusetts USA, but potentially Delaware USA.
The main purpose is to understand the financial/legal ramifications of each structure. For example, I know nonprofits can sell services but I’d like to better understand how it works from a paperwork perspective. Similarly, I’m interested in better understanding what overhead would be involved in both options—what exactly would need to be reported and how often, etc. Some of this I’m in the process of answering myself via online articles, but I’d like to talk with someone who has first-hand experience to ask more nuanced questions and confirm my understanding based on my initial research.
Listing the jurisdiction or jurisdictions in which you might incorporate, as well as a general description of your intended purpose, would probably help.
Thanks, Jason. Jurisdiction would likely be Massachusetts USA, but potentially Delaware USA.
The main purpose is to understand the financial/legal ramifications of each structure. For example, I know nonprofits can sell services but I’d like to better understand how it works from a paperwork perspective. Similarly, I’m interested in better understanding what overhead would be involved in both options—what exactly would need to be reported and how often, etc. Some of this I’m in the process of answering myself via online articles, but I’d like to talk with someone who has first-hand experience to ask more nuanced questions and confirm my understanding based on my initial research.