Looking to start your Non-Profit? Need help with an Entity Formation?
Brief Information Regarding Non-Profits
A nonprofit corporation is one that is formed for purposes other than making a profit. Nonprofit organizations come in many forms. Examples include churches, soup kitchens and hospitals. Forming a nonprofit corporation helps you avoid personal liability for the debts of your organization. The principal advantage to nonprofit status for an organization is that it will be qualified to receive both private and public grants.
Why Form a Non-Profit
While incorporating your not-for-profit venture is not a requirement, it lends more credibility to your organization. Also, in order to become tax-exempt, you must incorporate and also file Form 1023 with the Internal Revenue Service. A few states require a separate file for state tax-exempt status as well.
Non-Profit Entity Formation Made Easy
Here at Cervitude, we have assisted dozens of clients with their Non-Profit Entity Formation, as well as all other Entity Formations. Our expert team has also developed many other services to help grow your new or expanding business. For a full listing of our services please see our shop. Regardless of your business needs, Cervitude is here to help.
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