Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Promoted
If I start a 501c to help young people who are interested in the culinary field learn more about the industry,?
Can I open and run a restaurant in accordance with the non profit. Meaning can I use the restaurant's physical local to train these young people and still profit from the restaurant legally? Thanks in advance!!!
1 Answer
Relevance
- ThinkerLv 71 decade agoFavorite Answer
No. A 501c cant make a profit. Every last cent must go back into education, else the IRS will get you.
Source(s): Tried a similar scheme. Almost went to prison. Had to pay a lot to IRS to make this go away.
Still have questions? Get your answers by asking now.