Form a Non-Profit Corporation
Impose positive change with a non-profit and get the proper backing from donors. Pursue your non-profit mission, whether it’s starting a religion, helping the homeless or animals in need of care. Allow us to take care of the paperwork while you take care of your righteous cause.
What Distinguishes a Nonprofit Corporation?
If you are considering forming a non-profit corporation, it is likely because you have the desire to do more for the greater good. Helping others, leaving the earth better than we found it, conducting ground-breaking research, providing access to the arts – these reasons and more are why others have started a nonprofit.
To learn more about nonprofits, visit our Basics page to help determine if your business is best suited as a nonprofit, what you’ll need to get started and how to govern this type of organization.
How to Start a Non-Profit Corporation
Like other business entities, the actual process for forming a nonprofit organization begins with incorporation. Requirements vary from state to state, and federal requirements need considering if the organization wishes to file for tax-exempt status. Additionally, the organization should create a mission statement to determine whom the organization will serve, and corporate bylaws which will lay out the rules for operating. While this may seem overwhelming, our step-by-step guide can help you make sense of it all. Review the Non-Profit Checklist.
Advantages of a Nonprofit
Unlike corporations, limited liability companies and other business entities, non-profit corporation’s are formed for reasons other than just generating cash. Once a non-profit corporation has been incorporated and identified as a 501(c)(3) by the IRS, the organization is able to apply for grants and donations to help fund their mission. These grants allow for additional research or provide support to special projects.
Visit our Benefits page to learn more about additional privileges including tax breaks, liability protection similar to a corporation or LLC, and more.
Why Choose DoMyLLC?
Starting a non-profit corporation doesn’t have to be difficult. Our dedicated team makes the process as simple as possible, with a little help from our straightforward, two-step filing system. We offer a competitive price, individual care and live support, resulting in a superior level of service and guaranteed customer satisfaction.
Comparison Chart
Non-profit corporations must first file as a non-profit with the state they are located in. Once this has been completed successfully, 501c filings can proceed. Among other things, this designates the corporation as non-profit and therefore exempt from IRS taxation.
FAQ
A Non-profit Corporation is exactly what it says, “Nonprofit.” Unlike a C-Corp, Nonprofits do not have stock, hence they have no owner. Like C-Corporations there is a board of directors and officers that run the organization.
Unlike General for Profit Corporations, there is an additional step in filing a Nonprofit Corporation. After the articles of Incorporation are filed with the Secretary of state the Nonprofit must file to become, “Tax Exempt” with the IRS.
Federal tax exemption 501C provides that there are 28 types of nonprofit organizations (501C 1-28) that are exempt from some federal income taxes. Once the exemption is approved by the IRS, the filings required to become a nonprofit corporation are complete. Under this tax code the company is not allowed to pay dividends and if the company is ever dissolved all assets must be distributed to another nonprofit corporation.
There are formal requirements in order to maintain corporate liability protection for owners of the corporation. Corporations are required to:
- Maintain bylaws
- Hold annual meeting
- Hold annual meeting
- File state annual reports
- File taxes
For a complete list of FAQ, please visit here.
Ready to Start Your Nonprofit Corporation?
Our team is ready to handle all the paperwork required for you to form a nonprofit; all you need to do is complete your order of $99 (plus applicable state taxes), then sign and verify a few documents. The entire process takes very little time thanks to our convenient two-step process.
Package Includes:
- Name Availability Check
- Articles of Incorporation
- Sample Bylaws
- Notices of Various Corporate Meetings
- Minutes to Document Meeting
- Compliance Calendar
If you are interested in starting a Nonprofit Corporation, give our office a call at 888-366-9552.