Should my homeschool group be a nonprofit or a for-profit business?

A woman asks if her Classical Conversations homeschool program should be a for-profit business or a nonprofit organization.

A woman asks if her Classical Conversations homeschool program should be a for-profit business or a nonprofit organization.

Carol Topp, CPA explains the four differences between for-profit and nonprofits.

The differences include:

  • Your motive. Is it to make a profit or your mission?
  • Control: do you want to retain control or are you willing to allow a board to control and direct the group?
  • Taxes. Nonprofits can apply for and receive tax exempt status.
  • Donations: 501c3 tax exempt organizations can accept tax deductible donations.

Listen to the podcast (11 minutes)

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What to know more about starting a nonprofit for your homeschool group?

Carol Topp, CPA
HomeschoolCPA.com
Helping Homeschool Leaders


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