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NonProfit GC

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  1. Thank you so much Luke. I had not seen that maintenance language, and I agree that it is a term that implies ongoing duties.
  2. My nonprofit utilizes a SARSEP. IRS says that non-profits cannot have a SARSEP. I see in the Code where a nonprofit cannot create a SARSEP, but if organization creates SARSEP and then becomes a nonprofit, can they not keep the SARSEP?
  3. My organization adopted a SARSEP while they were still permissible. Later, the organization incorporated as a non-profit. The IRS has told us that nonprofits cannot have a SARSEP. I see in the code where a nonprofit can't create a SARSEP, but if an existing SARSEP is in place and then nonprofit status is attained, is that a bar to keeping a SARSEP?
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