“My wife and I have been running a for-profit service business for the past 10 years. “We have recently learned that our business may qualify as a nonprofit organization, as we frequently provide our services for free or at an extremely low cost to people who can’t afford them. “We’re looking to retire shortly and think it would be fun to continue running the business strictly as a nonprofit. What is the best way to do this?” Before we get to the legal stuff, there are a few things you need to consider before you go the nonprofit route. First, keep in mind that when you run a nonprofit organization, you are no longer an owner of the business, and you will not be entitled to a share of the business’ profits as you are currently. All profits from a nonprofit’s operations must be devoted to the organization’s tax-exempt mission. …