Non Profit Corporation
Non Profit Corporation
DEFINITION
Not for profit organization. This organization is a public benefit instead of an income generating business. All revenue exceeding the operating expense, must be used as a benefit. May seek tax exempt status from the Federal Government but it not required to create. Most small nonprofits are created in the state where they are operating. There are the steps you need to follow to form a nonprofit corporation and to stay in compliance with State and Federal rules. Oregon however appears to have the least amount of regulation if you are thinking of a different state.
Tax Information for Charities & Other Non-Profits - HERE
EO Select Check - HERE
Publication 501, Exemptions, Deductions - HERE
Additional State Laws
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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