Local Church wants to open a daycare. All profits will go into the general fund of the church.
Does the church need to get a new Federal ID number and set up a new non profit corp for the daycare or will it be ok to work under the veil of the church?
Would a tax return need to be filed for the daycare since the church does not have to file one?
Thanks for all your help.
Lester
p.s. The church is not my client, but they asked for my advice. Thanks again.
Does the church need to get a new Federal ID number and set up a new non profit corp for the daycare or will it be ok to work under the veil of the church?
Would a tax return need to be filed for the daycare since the church does not have to file one?
Thanks for all your help.
Lester
p.s. The church is not my client, but they asked for my advice. Thanks again.
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