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I have a buisness (preschool) which I put in a non profit status 11 years ago. The building is in the corporations name (non profit) Can I sell the building? Do I have to open another non profit preschool with the money from the sell of the building?

Submitted: 72 days and 10 hours ago.

Category: Tax

Value: $30

Status: AWAITING CUSTOMER ACTION

Country/State/Province of question: CA

Posted by bizmatters 72 days and 3 hours ago.

Info Request

Dear XXXXXXXXXXXXXX, Please confirm that your non-profit school is compliant with regards to having an established board of directors that meets regularly?

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Tax

Have your own Tax question?

Question

I have a buisness (preschool) which I put in a non profit status 11 years ago. The building is in the corporations name (non profit) Can I sell the building? Do I have to open another non profit preschool with the money from the sell of the building?

Optional Information

Country/State/Province of question: CA

Info Request

<p>Dear XXXXXXXXXXXXXX,</p><p> </p><p>Please confirm that your non-profit school is compliant with regards to having an established board of directors that meets regularly?</p>

Tax

Have your own Tax question?

Question

I have a buisness (preschool) which I put in a non profit status 11 years ago. The building is in the corporations name (non profit) Can I sell the building? Do I have to open another non profit preschool with the money from the sell of the building?

Optional Information

Country/State/Province of question: CA

Info Request

<p>Dear XXXXXXXXXXXXXX,</p><p> </p><p>Please confirm that your non-profit school is compliant with regards to having an established board of directors that meets regularly?</p>

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