Can a foundation open a business to help support support the foundation expenses?
For example, could a foundation that does an after school program for at-risk children also open a small restaurant? All income going to the foundation.
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Opening Business Under A Foundation
Started by jlocke51432, 2012-02-07 11:19
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1 reply to this topic
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Sunbelt Asia
Forum Sponsor Posted 2012-02-09 13:22:37
According to Civil and Commercial code, Section 110 a non-profit foundation may open a business so long as it benefits the Foundation.
Sunbelt Asia has experiencing dealing with Foundations and can help you with the process to ensure that it is done completely legally.
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