Replies to post #117235 on Blum Holdings Inc (BLMH)

[Magnum7419]

IVXX is for profit... why because LLC in any state can NOT be non profit......

LLCs are formed under state law, so if LLC owners -- called members -- want to operate the LLC as a non-profit venture, they first have to determine whether this is permissible under the state law where the LLC is formed. As of January 2011, non-profit LLCs are not permitted in all states, so it's a good idea to retain an attorney to advise you on the legality and consequences of forming such an entity in your state.
http://info.legalzoom.com/can-llc-non-profit-4767.html