Professor Richard Gershon discusses the benefits to setting up a tax exempt not for profit and the hoops you have to jump through to get one made. Professor Gershon is the author of several books and articles on taxation and legal education, and is a co-author contributing annual updates to Attorney Client Privilege in The United States. In 2019 he published the seventh edition of “A Student’s Guide to the Internal Revenue Code (with Professor Jeffrey A. Maine). https://law.olemiss.edu/faculty-directory/richard-gershon/Steps to start a charity in MississippiIRS Charities and Not For ProfitsLifecycle of an Exempt Organization Types of Tax Exempt Organizations Annual Filing FormsActivities that could jeopardize a public charity's tax-exempt statusUnrelated Business Income Tax See acast.com/privacy for privacy and opt-out information.