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noprofit

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Issue:

Social Issues

 

Written by:

Donna S

 

Date added:

October 17, 2011

 

Level:

 

Grade:

A

 

No of pages / words:

1 / 260

 

Was viewed:

1270 times

 

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Essay content:

You incorporate your nonprofit by filing articles of incorporation with the appropriate local state office. (An incorporated nonprofit requires a board of directors.) - If you want to be exempt from federal taxes (and maybe some other taxes, too), you should file with the IRS to be a tax-exempt organization...
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(The IRS states that you must be a corporation, community chest, fund, or foundation to receive tax-exempt status. Articles of association may also be used in place of incorporation.) (Probably the most well known type of nonprofits is a the IRS classification of 501(c)(3), a "charitable nonprofit'.) - Depending on the nature of your organization, you may also granted tax-deductible status from the IRS...
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