I am considering converting my business from for-profit to nonprofit. The name is trademarked in my name personally. Will I be able to keep the trademark? I don’t want to lose control after all the work I have done.
The IRS will undoubtedly ask you to assign the trademark to the new nonprofit if you seek charitable exemption. Although some charities operate with the founders holding a trademark, there is an inherent conflict. In addition to the ethical issues, if the charity makes the trademark more valuable, it could cost the charity its exemption because of private inurement.