read_connect(); //$GLOBALS[ezoic_db]->read->query("use 17things"); ?>

I work for a 501C business,which is closing and liquidating. Can I start my own separate taxable business?

I have worked for the 501C business for 10 yrs total, 3 in this specific business area. They no longer wish to carry this branch of their association. When they close, I will be fired. Can I start up my own for profit business, with the same business description?

Tags: , , , , , , , , , , , , , ,

Related Items

2 Responses to “I work for a 501C business,which is closing and liquidating. Can I start my own separate taxable business?”

  1. TIMOTHY D L said :
    June 25th, 2010 at 11:21 am

    Sure, it just won’t be a 501C. LLC, or Corporation

  2. mathew said :
    June 25th, 2010 at 11:50 am

    You may have some problems if you use similar names or other things that may be the intellectual or business property of the 501C (3). You should get a written agreement with the Association approving your enterprise. If you plan on using the same facilities as the non-profit there could be some zoning issues that would require a new approval by the local planning department. After that you may organize in the same manner as any business.




Message:

[newtagclound int=0]

Subscribe

Recent Comments

Recent Posts

Archives