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Tax Exempt Illinois  Form

Tax Exempt Illinois Form

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Video instructions and help with filling out and completing Tax Exempt Illinois Form

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Instructions and help about Tax Exempt Illinois

the following bltv program is brought to you by flaherty law please enjoy [Music] welcome to learn about law my name is kevin o'flaherty from o'flaherty law i hope you enjoyed this video if you need some help please feel free to give us a call at about 630-324-6666-3246 versus tax exempt statutes in illinois so aren't they the same thing well what exactly is the difference and they really are not the same thing actually a simple way to think about it is that a non-profit is a type of business organization such as an llc corporation partnership etc it has certain benefits that a usually specific to the state in which they operate and sometimes even the industry such as a non-for-profit hospital nonprofits must still generate a profit in order to keep the doors open and some generate quite a bit however any profit generated must be reinvested into the company in some way that is to say that the profits must be spent down to the last penny year after year but they can't be used for anythi

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