Nevada Small Business Consulting can assist you in completing all of the necessary documents that will allow you to obtain Non-Profit status for your business entity. Using the information you’ve provided, we prepare all required documents for incorporating your Nonprofit and file them directly with the Secretary of State. Once your incorporation documents have been approved by the state, you will receive your completed Nonprofit package.
The 501(c)(3) status means that the corporation is exempt from paying federal taxes on revenues and income generated in the organization. It does not exempt the organization from filing tax returns. To obtain 501(c)(3) status, a nonprofit corporation is required to apply to the Internal Revenue Service for recognition of tax exemption by filing IRS Form 1023.
501(c)(3) Application: How To Obtain Nonprofit Status | Las Vegas
The main component that an organization is required to perform to maintain its 501(c)(3) nonprofit status is to do the annual filing. This is completed with Form 990 and any ensuing schedules accompanying the form. IRS Form 990 has four sections to the summary section. The first reviews details about the organization’s mission and volunteer base, the second summarizes revenues, the third summarizes expenses and the fourth summarizes net assets.
Our Business Specialists will form your new business in the correct fashion, saving you a great deal of time and expenditures by avoiding costly mistakes. Allow Nevada Small Business Consulting handle your business filings while you focus on growing your business. You can click the following link to view our 5-star Google Reviews. Contact us today at (702) 587-5652 to schedule a consultation!