tax exempt status

  1. How to Obtain Tax-Exempt Status For a Nonprofit Organization

    Formation, LLC, Corps How to Obtain Tax-Exempt Status For a Nonprofit Organization

    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...
  2. Non-Profit Organizations: Formation and Tax Exemption

    Non-profit Non-Profit Organizations: Formation and Tax Exemption

    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...
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