change a LLC to a 501c3
Can I change an LLC to a non profit?
Asked on 7/20/09, 10:56 am
1 Answer from Attorneys
Sarah Grosse
Sarah Grosse, Esquire
Re: change a LLC to a 501c3
No.
501(c)(3) is a Federal tax exempt status granted to certain qualifying corporations; it is not a type of entity.
The non-profit organization must first be structured and registered as a corporation. Then, the corporation may request tax exempt status.
There is no way to 'convert' an LLC to a corporation, to the best of my knowledge.
Answered on 7/20/09, 11:15 am
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