New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
Can the owner of a nonprofit be an employee of the nonprofit organization?
Dear Synthel,
Actually, non-profit organizations don’t have owners in a traditional sense, since no profit is distributed. I presume you are referring to yourself as the founder and a board member of a non-profit, who runs its affairs. As such you are entitled to receive certain salary.
The extent of the salary and possible limitations would depend on many factors, and its a good idea to discuss your plans with an attorney, specializing in organizing non-profits.
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