What is required to create a not for profit LLC?

Answer A theater company, charity or community group can all be not-for-profit LLCs. LLC stands for limited liability company. Partners in an LLC have personal protection should the company go bankrupt or... Read More »

Top Q&A For: What is required to create a not for profit LLC

Why Is Economic Profit a Better Measure of Profit Than Accounting Profit?

Although rarely acknowledged, you can measure profit in more than one way. Sometimes numbers can deceive you, and this is the case when it comes to accounting profit, which merely shows profit on t... Read More »

How to Create a True Self for Profit and Pleasure?

You are your true self right now. You created your true self by making countless decisions which you believed were ‘best’ for you. And you created your true self by failing to make countless de... Read More »

How to Create a Non Profit Charity in Chicago?

Before you can apply to the Internal Revenue Service (IRS) for 501(c)(3) recognition---the IRS's designation for non-profit organizations---you must first organize your charity as a corporation. Ea... Read More »

How to Calculate Gross Profit for Loss of Profit Insurance?

Many businesses purchase loss-of-profit insurance, also called “business interruption” insurance, to cover a loss of ability to operate due to circumstances outside of the business’s control,... Read More »