2-Minute Tip: Should You Be an LLC or a 501(c)(3)? 4 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 4 Comments Cle Royal on May 12, 2021 at 8:50 am I do know you. And, I know where your heart, your passion, your intellect, and your experiences are. So, I will follow you. What I did not know is that Social Enterprises can qualify for non-profit funding. Thanks for sharing. Tish on May 12, 2021 at 9:10 pm Thanks, Cle, for your support and I’m glad that this increases your considerable knowledge base! Sherman on May 12, 2021 at 9:09 am Will, LLC give you the same tax break as 501c3-4? What about grants that are set up for charity? Are you able to start on this now? Tish on May 12, 2021 at 9:09 pm Generally a LLC in Texas is not eligible for tax-exempt status as a 501(c)(3) or a 501(c) (4). A social enterprise in Texas is permitted to make a profit so it’s not eligible to be a nonprofit 501(c)(3) or 501(c)(4). A social enterprise can be eligible for certain grants for operational charitiable activities; it depends on the requirements for a particular grant. Our RISE Program is currently accepting Applications for new cohort. Hope that helps and let me know if you have any more questions.