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Why do some Incorporate???

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#14

06-23-2011, 09:38 AM

Titchou

GreekChat Member

Join Date: Jul 2003

Location: Sweet Home Alabama

Posts: 4,597

They are not tax ecempt. They have to pay sales taxes and income taxes. There are ways to "set aside" funds over $1000 in non member income in order to avoid taxes on that money. And contributions to them are not tax deductible. Trust me on this. I was the chairman of the board of an NPC 501 C 7.

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