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Updated over 12 years ago,
501c3 gray area?
I have heard of someone using a 501c3 for the purpose of helping people with short sales. This sounds like a good idea because calling an owner saying you're with a non-profit organization help convey that you're there to help find a solution if there is one, which is actually true. Obviously you can't have dividends in a 501c3 but you could always get the money out by writing a check to your other business for "services provided" right? My question is does this fall into legal gray area?