GETTING STARTED IS SIMPLE AND EASY
Our three-step process is made to save your time and efforts.
Complete our Online Form
Fill in the particulars including your motive of running your organization.All the information would be kept completely secure, and would be only used to process your application.
We File the Documentation
We would prepare all your relevant documents and paperwork and file it directly with the Secretary of State, thereby giving you relief from the necessary legal obligations and hassles.
Receive your Approved Documents
As soon as your incorporation documents get approved by the Secretary of the State, you will get your Non-Profit approved documents via email and post.
It is incorporated for executing a social cause. Whether it is for helping the poor, raising social awareness, working to protect nature and much more. The Nonprofit organizations are exempted from government taxes. But they also have to follow certain legal procedures like prior filing of the “Application of exemption” with the IRS. Only when the business has successfully submitted their list of documents and a completed copy of the aforementioned form only then the IRS will assign you a letter of approval. But, different states require the separate list of forms to be submitted. The best part about it is that there are no restrictions as to who can and cannot apply for a non-profit organization status.
Advantages of Non-Profit Organization
Under section Section 501 (c) of the Internal Revenue Code, a non profit corporation can avail state and federal exemptions from corporate income taxes in addition to certain other taxes. If your corporation is expecting high revenues from its charitable events, your organization would definitely require exemptions.
Protection Of Personal Liability
Board members, officers and employees of a non profit corporation receive legal protection from being held accountable in case of corporate debts and lawsuits. Furthermore, even creditors can not make any claims on the personal assets of the people who either manage or work for the organization.
A non profit corporation is a separate legal structure, distinct from the individuals who manage or organize it. Due to this, the corporation is endowed with the perpetual existence clause, meaning that the entity will continue to operate regardless of death, insanity, bankruptcy of its members. This helps in building trust and credibility in the minds of prospective donors, who want to fund a cause for a longer period of time.
Employees of a nonprofit can receive considerable benefits such as group life insurance, health insurance, a pension plan, etc., which are typically not available to workers in other unincorporated organizations.
Frequently Asked Questions
Is there any restriction as to what I can name my non-profit organization?
Generally, the name chosen by a business must not be in any way similar to an existing organization and must be clearly different from the list of corporations in paper.
Is there a limit as to the number of directors the corporation is required to have?
In most U.S states, this limit is set on a minimum of three directors, but this limit can be set at just one in other states as well.
Do you need a registered agent for forming a non-profit corporation?
Technically speaking, all states have a requirement to keep a registered agent for the successful filing of not only non-profit corps, but also LLC, limited partnerships. This registered agent is further required to prove his existence with an address proof and should be available during usual business hours.
Will you get an instant exemption upon filing the application?
Even though, applications for non profits corporations are reviewed as early as possible, yet the entire process may get delayed sometimes due to some technical or unforeseeable conditions.