Shaker Heights Country Club Co. v. Lindley

We are asked to decide whether the taxpayer is a “corporation organized for profit” and is therefore subject to a corporate franchise tax pursuant to R. C. 5733.01 et seq. Appellant argues that, it has always maintained the character of a non-profit corporation and that it has never operated for profit; therefore, it should be exempt from. Ohio franchise tax liability.'We disagree. We believe that taxpayer was organized for profit; and that during the years in question, it operated for profit.

In a franchise tax ease, the character of a corporation is the relevant consideration, and it is how…