Non-Profit Organizations

Setting up a nonprofit is daunting. There is a great deal of leg work involved, with Budgets, donations, paper work and incorporation. It is not for the faint of heart. But for those with a good cause and a great deal of drive the process is worth it. 

 Why form a non-profit corporation?

Individuals and organizations will often have varing reasons for forming a non- profit. They may include the desire to improve or give back socially. Another reason may be that you have a very successful business and need something to help with taxes. What ever the reason for your forming a non-Profit, here is some information to help you get started.

  • Here are some examples of organizations that are permitted non-profit designation: Churches, Public Schools, Publice Charities, Public Clinics, and Hospitals.

  • ​An organization must be designated as a non-profit at the time of formation.

  • ​A non-profit may only pursue purposes that are permitted by the statutes for non-profits for there state.

 What are the advantages of becoming a non-profit organization?

  • May be able to obtain Tax exempt status from the IRS.

  • Eligible for public and private grants. May solicit for charitable donations.

  • Legal entity in its own right. Seperate from its founders.

  • Limited liability. The non-profit is a seperate entity. Therefore creditors and courts are limited to the assets of the non-profit. The founders, directors, members and employees are not responsible for the non-profits debts.

When time and money are too precious to waste, Give us a call.
The Milton Law Firm - 623.583.1040 

Disclosure: The information on this website is for educational purposes only and is expressly not intended to be considered legal advice. Our free consultation is limited to understanding the nature of a potential client's issue, informing the potential client if the Milton Law Firm would consider representing the potential client in connection with the matter, and under what terms and conditions the Milton Law Firm would represent the potential client. Before the Milton Law Firm can provide legal advice to any person or entity, there must be a signed fee agreement setting forth the firm's scope of representation and the fees that will be charged.

 

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