Before you can apply to the IRS for tax-exempt status, your organization must first become a corporation. Incorporation will protect board members and other individuals in your organization from being held personally liable in case of a lawsuit. Nonprofit incorporation is very similar to creating a regular corporation except that a nonprofit must take the [...]
Read More →The number of new nonprofits has proliferated in recent years. Unfortunately, not everyone who starts a nonprofit has thought out his or her enterprise. Don’t make the mistake of just jumping into the nonprofit arena. Think hard before starting your nonprofit…act later. 1. Do Your Research Before Starting Your Nonprofit Having a passion for your [...]
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