Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?
Canna Law Blog
APRIL 29, 2025
Nonprofit Corporation Summary: A mission-driven entity that reinvests profits, if any, to further its stated purpose rather than distributing them to owners. An LLC taxed as a partnership may be perfect for a small, family-run dispensary, while a C corporation may be the best choice for a multi-state operator planning to go public.
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