2de6c440_anize_Your_Business___Nolo_com__Main_Drawbacks
[Type of Entity] nonprofit corporation [Main Advantages] Corporation doesn't pay income taxes Contributions to charitable corporation are tax-deductible Fringe benefits can be deducted as business expense [Main Drawbacks] 
Full tax advantages available only to groups organized for charitable, scientific, educational, literary or religious purposes Property transferred to corporation stays there; if corporation ends, property must go to another nonprofit
Chart: Ways to Organize Your Business | Nolo.com