Non-Profit Corporations which are formed for charitable, scientific, religious or educational purposes, are what are called 501(c)(3) corporations. The 501(c)(3) designation comes from that section of the Internal Revenue Code. The principal advantages of a 501(c)(3) corporation are that if you set up the corporation and qualify it with the Internal Revenue Service, it will not be a taxable entity as long as its' activities are charitable, scientific, religious or educational, or a combination thereof. Additionally, as a 501(c)(3) corporation, the corporation will be allowed to receive tax free contribution and contributors will be permitted to deduct the contribution on their personal tax returns.
Our office could form your new corporation in such a manner so as to be in compliance with and qualify for the special 501(C)(3) exemption status. We could also prepare, submit and provide the service where by your new 501(C)(3) corporation receives formal recognition from the Internal Revenue Service as to its 501(C)(3) status and receives a formal letter of determination from the Internal Revenue Service.
Remember to select the 501(c) (3) Corporate Records Compliance and Application for Exemption with the I.R.S. when ordering a Non Profit Corporation online