2-Minute Tip: Should You Be an LLC or a 501(c)(3)? 2 comments This is a question Tisha gets asked all the time. In this week’s two-minute tip she breaks it down for you and gives you another possible alternative for your business structure. Click Here to Learn More 2 Comments Sherman Livingston on December 11, 2020 at 9:16 pm Yes, it was more understanding for me. The other question is that I did not hear the difference between Social purpose corp. and the public benefit corp. This program will do and/or the same as 501C3 for the religious church. Will and other CPA be able to file tax on this business. Our CPA is out of state, this is why I ask this question. Once a year is up you believe that we are well on our way? Yes please send the application. Tish on December 15, 2020 at 11:57 am Hi, Sherman, Thank you for reaching out. I’m happy to review the differences between the social purpose corporation and the public benefit corporation with you again–in fact, we are doing another video on this very topic! Our RISE Program is created for social enterprises. A 501(c)(3) church may also benefit from the program, although the legal aspects may differ. Whether your CPA is able to file taxes will depend on your CPA. If your company joins RISE, we are able to provide CPAs with general guidance on taxation. The RISE Program intends for business owners to be up and running within the first few months. While many enjoy revenues quickly after set up, the goal of the RISE Program is to create consistent revenues, which means companies may decide to sign up for additional years to continue its momentum of sustainable growth. Your RISE Application has been emailed to you. Wishing you the best!