Naturally, most business owners choose to conduct operations in the state in which they currently live. However, it can sometimes be advantageous to explore other locales. Here are a few reasons why new entrepreneurs and established corporations alike may want to pick Louisiana as the site of their business operations:
Part One: A new film takes on an old debate
It is common knowledge that charitable organizations generally qualify for tax-exempt status. After all, they are not in business to make a profit, so it makes sense that they do not have to pay annual taxes to the IRS. However, what many people do not realize is that it is possible for a charitable organization to lose its status as a tax-exempt “501(c)(3)” under the IRS rules.