Can a Parent Company Have a Nonprofit?
Can a parent company have a nonprofit? B. A subsidiary may be nonprofit (usually also charitable tax-exempt) or for-profit. A subsidiary can protect the Parent’s tax-exempt status. The Parent’s activities must further its charitable purposes, except for an insubstantial amount of unrelated activities. Read more on ww1.insightcced.org Many businesses, including parent firms, want to give … Read more