Can I open a nonprofit but not be tax exempt? Yes. But why would you want to do so? Thursday, March 6, 2008 - 12:00 Add new comment Sign-up for our free weekly Q&A Comments Because state law requires an entity wishing to engage in certain activities to be a nonprofit, but federal tax exempt status is not available for the activity. Think needle exchanges, or cannabis dispensaries. reply Add new comment Your name Email The content of this field is kept private and will not be shown publicly. Homepage Comment About text formats Plain text No HTML tags allowed. Web page addresses and email addresses turn into links automatically. Lines and paragraphs break automatically.
Because state law requires an entity wishing to engage in certain activities to be a nonprofit, but federal tax exempt status is not available for the activity. Think needle exchanges, or cannabis dispensaries. reply
Because state law requires an entity wishing to engage in certain activities to be a nonprofit, but federal tax exempt status is not available for the activity. Think needle exchanges, or cannabis dispensaries.