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10. Applying for Tax Exempt Status

It usually takes the IRS 3-5 months to examine and issue a decision on a 501(c)(3) application. Keep in mind that a 501(c)(3) application is randomly assigned to an IRS agent for examination. Since each agent has a different work load, processing times vary. You can get a jump start on the process by forming your corporation BEFORE completing the 501(c)(3) application. While LegalZoom is filing your incorporation documents, you can select your board members, prepare your financial budget and refine your activities and programs.

Start your Nonprofit Corporation today!

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