Step 8: Apply for 501c3 Status Next, you will need to apply for tax-exemption or501(c)(3) status, this step is crucial for obtaining federal tax-exempt status from the IRS. It’s a complex process, but the benefits are significant, including exemption from federal income tax and the a...
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How to form a 501(c)(3) organization or nonprofit. By forming a nonprofit corporation such as a 501(c)(3), you'll ensure limited liability for those people involved in its management. Incorporating your nonprofit organization can help you to establish the kind of legal protection that ...
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