Passion World Tour LLC – Tag – MinistryWatch
Church Subsidiaries Protect Assets, but Complicate Accountability
Ministries are forming LLCs under their tax-exempt status, making it nearly impossible to hold leaders accountable.
June 28, 2023
Churches that want to reach beyond their congregations are forming subsidiaries to separate church-related projects and protect assets. Although it's compliant with IRS regulations, it often makes an organization less transparent to donors.
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