Conversion of for-profit to non-profit

Hi fellow Elpha-ers,

I'm seeking help to understand how I can convert my mistake of an Inc. company to non-profit. Its an EdTech company on a mission for social good. It has not been profitable and I'm just bleeding money in taxes. I would sincerly appreciate a conversation with someone who knows the ins and outs of business structures and conversions.

Looking forward to connecting with you soon!!

iynna's profile thumbnail
Oh sorry to hear this! I've never had this situation but as you wait for others to share their thoughts, have you checked this article? I thought it broke down the process quite well https://afrotech.com/small-business-converting-for-profit-to-nonprofit
ashie's profile thumbnail
Oh thank you so much @iynna
iynna's profile thumbnail
Of course!