irc 501(c)(3)

Prior to filing and incorporating a nonprofit organization, it is important to review the Internal Revenue Service (IRS) requirements to ensure qualification for tax-exempt status under Internal Revenue Code (IRC) 501(c). Not doing so could result in a significant waste of time and money and...

This article is an introduction to creating and incorporating a nonprofit organization and obtain 501(c)(3) tax exempt status. The steps to create a nonprofit organization by yourself are listed at the end of this article. Introduction, Costs of Creating a Nonprofit Organization The first...

This article will help you understand the reasons why people incorporate a nonprofit organization and help you make a decision as whether it is right for you. Should You Incorporate a Nonprofit Organization If you have just started the process of setting up a not for profit company you might...

People create non-profit organizations (also known as "nonprofit" or "not-for-profit" companies) for a purpose other than the profit of the creators. While the business does have a need and incentive to generate revenue, the primary purpose of the entity is to benefit the members of an...