• 53:56 - 56:46
Mike Colomb | The Forgotten Power Of Private Membership Associations
Tax Benefits of 508C1A Church-Based Ministries
Mike Collum explains the tax advantages of structuring a PMA as a 508(c)(1)(A) church-based ministry. Unlike 501(c)(3) organizations, 508(c)(1)(A) entities are "mandatory exceptions" that do not require IRS reporting or state income tax payments. This structure allows businesses, including grocery stores and cannabis clubs, to operate as ministries while paying staff as 1099 contractors.
508c1airs codetax exemptchurch-based ministry1099 employees