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What’s the Risk of Starting a Nonprofit?

NonProfit Hub

In an IRS study of “nonfilers,” around 16 percent of nonprofits that filed their 990s from 2000 to 2005 did not re-file in 2005. This indicates they either fell under the $25,000 filing threshold or ceased operations altogether. Vermont is next, with a nonprofit for every 160 people, which doubles the national average of 320.

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A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)

NonProfit Hub

Other examples have included farmers’ markets, newspapers, law groups and art centers. The federal jurisdictions of the Crow Indian Nation of Montana, the Oglala Sioux Tribe, the Navajo Indian Nation and Puerto Rico. Among the benefits, starting an L3C is a very simple filing process—almost identical to that of an LLC.