Reasons to Form a Nonprofit Corporation
As someone involved with a charitable cause, you might be weighing the benefits of formally organizing your nonprofit. While it might take a little extra work, only with a state-recognized nonprofit corporation can you obtain private and public grants, low-cost postage rates and be exempt from income, sales and property taxes. Most importantly, only a formal nonprofit corporation allows individuals to donate money tax-free, while shielding your personal assets from liability.
If you decide to take the next step and form a nonprofit corporation, LegalZoom can help. Simply answer a few questions online and LegalZoom will create the necessary documents and file them with your state's agency. We can also complete your 501(c)(3) application for tax-exempt status with the IRS.