When structuring a company, there are a number of distinctions to keep in mind, including the fact that 'nonprofit' does not mean 'nontaxable'
by Karen E. Klein
We are starting a small entertainment company. Our aim is to produce family television programming and musical entertainment that would be suitable for Christian television or family networks. Should our company be structured as a for-profit or a nonprofit entity? How does a business owner decide?—A.A., Independence, Kan."