Co-Cant Lobby: A Case Study

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501(c)(6) is a membership organization such as business leagues, industry trade associations or chambers of commerce that is advancing a common business interest and wanting to promote common interest without engaging in some type profit oriented business. The purpose of organization is the promotion of the common business interest of its members. All of the net earnings of organization must be reinvested into the organization, and no part of it may not inure to the benefit of any private shareholder or individual. It may not be organized for profit to engage in an activity ordinarily carried out for profit. The drawbacks for having this type of corporate form are:
1. Non-tax deductible (but deductible as a business expense).
2. League …show more content…

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