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Becoming Tax Exempt: A Step-by-Step Guide Simplify the path to achieving nonprofit tax-exempt status Starting a nonprofit is an exciting way to make a difference, but the process of obtaining 501(c)(3) status can feel intimidating. This designation from the IRS allows your organization to operate tax-free and gives donors the ability to make tax-deductible contributions.
Why Entrepreneurs Should Consider Starting a Nonprofit Organization Entrepreneurship has captured the hearts of many. The idea of being the master of your own ship is often synonymous with innovation, risk-taking, and profit-making. For the ones who don’t want to ride on the coattails of others, they head out on their own to make it
Need to make a change to your Board? Easy peasy with this Guide. We often receive requests for assistance to change the makeup of a Nonprofit Board of Directors and/or Officers. Perhaps the organization has a Director who is “Missing in Action”, or there is an unreconcilable difference as the vision and direction of the
The Ultimate Resource on How to Start a 501c3 Nonprofit OrganizationThinking about how to start a nonprofit organization and get IRS 501(c)3 Tax-Exempt status, and you don’t know how to do it yourself?First of all congratulations! You’ve taken your first step towards making a difference in a way that only YOU can.Nonprofits are an essential part
501c3 IRS APPROVAL Requires a Clear Description of How You’ll Execute on Your Nonprofit Mission.But, before we dive in, it’s important to know that the first step in making the IRS love your 501c3 application is defining your nonprofit organization’s mission and purpose. If you haven’t done this yet, then read our blog post about it
You hear the term “501(c)3” used to identify “nonprofits” but did you know that there are 3 distinct types of 501(c)3 nonprofit organizations that the IRS recognizes in the Internal Revenue Code?The different types of 501(c)3 offer you great options in how you’d like to make your impact, so it’s important to understand the characteristics
Nothing makes launching your own nonprofit organization feel quite as “real” as opening a bank account for your new nonprofit!It says “We’re officially in business!”–which is why you actually DO need to be “in business” to get an account open…not to mention the fact that you need somewhere to put all of those donations. Learning how
In the realm of nonprofit organizations, there are many roles and terminologies that one needs to familiarize themselves with, and the term “incorporator” is no exception. While it may sound complex or intimidating, understanding the role of an incorporator in a nonprofit setting is crucial for anyone planning to start their own nonprofit organization. Bank
If you’re in the process of forming a nonprofit organization, you might find yourself asking, “Should I incorporate my nonprofit in Delaware, Nevada, or another state?” This is a crucial decision that can significantly impact the operation of your organization, and it’s not one to take lightly. Benefits of Delaware and Nevada for For-Profit Corporations
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"In a gentle way, you can shake the world." - Mahatma Gandhi