How do you restructure a for-profit business to a non-profit one?
You will have to file documents with the IRS to show that you want to become a non-profit business. Visit www.irs.gov for more information or a local accountant. My main question is what would be your main purpose for changing? In addition, do realize you can still be audited and will still need to justify legitimate expenditures?
Marilyn August, founder of Wealth & Wisdom Seminars and author of Journey to Wealth & Wisdom, facilitates personal and business wealth transformations. She advises a growing number of business owners and commissioned sales professionals to help them increase their profitable productivity.