NOT-FOR-PROFIT 501C-3 CORPORATION - Business For Sale

Business Description

A 501-C3 CORPORATION IS A VERY DIFFICULT PROPERTY TO ATTAIN. To register a new one it would normally require several years of time and Hundreds of Thousands of Dollars in legal fees,

THIS IS A ONCE IN A LIFETIME OPPORTUNITY!

Historical Summary
THIS 501 C-3 CORPORATION HAS BEEN USED TO FUND ART SHOWS IN THE PAST , BIUT CAN BE USED FOR ANY CHARITABLE PURPOSE INCLUDING YOUR OWN NEW CONCEPT.

Owner Qualifications
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not be an action organization, i.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.

Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170.

The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction.

Section 501(c)(3) organizations are restricted in how much political and legislative (lobbying) activities they may conduct. For a detailed discussion, see Political and Lobbying Activities. For more information about lobbying activities by charities, see the article Lobbying Issues; for more information about political activities of charities, see the FY-2002 CPE topic Election Year Issues.

Detailed Information

Reasons for Sale: RETIREMENT

Real Estate Information

Property Type: Leasehold

Leasehold Rent: Undisclosed

Premises Details: THIS REGISTERED NOT-FOR -PROFIT 501 C-3 CORPORATION CAN BE USED FOR ANY CHARITABLE REASON. YOU CAN LOCATE IT ANYWHERE YOU LIKE.