The silverton symphony orchestra hall is a well-established not-for-profit organization exempt under irc sec. 501(c)(3) that owns a debt-financed facility that is home to the local symphony orchestra. its mission is to increase access to the arts for the community of silverton. the facility is used throughout the year for many activities. required select 'x' whether the regularly conducted activity of silverton symphony hall is/is not subject to unrelated business income tax? (hint: irs publication 598 may be in answering this question. it is available at under ""charities and non-profits"" and ""ubit."")

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.