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How To Set Up A Nonprofit. Establishing a nonprofit offers charitable people many benefits, including additional credibility, donors and grants. However, starting non-profit organization is not the greatest venture for everyone. In this article, Nevada Small Business Consulting will help you learn if starting a nonprofit is your best option, the types of 501(c) designations that may best suit your nonprofit and the components involved to establishing your nonprofit. If you would like further guidance, you can contact us today at (702) 587-5652 to schedule a no-cost initial consultation!

Is Establishing a Nonprofit Organization the Best Choice for You?

Establishing a nonprofit provides multiple advantages. These advantages include the capacity to solicit funds from persons who would their donated funds to be tax-exempt, applications for grants, and prevents spending important donations on corporate taxes. However, can also be some disadvantages for nonprofits. For instance, nonprofits must maintain their tax-exempt status on a continual basis by experiencing IRS financial inspection. As an exempt corporation, a nonprofit must keep detailed records and submit annual filings to the state and IRS by stated deadlines in order to keep its active and exempt status.

5 Important Steps To Starting a Nonprofit

nonprofit organization is a type of business organization that must operate and provides its services without the primary goal of making money. Nonprofit organizations serve the public interest and are mostly categorized as tax-exempt by the IRS. We have included the 5 major steps involved in staring a non-profit below:

  • Research Feasibility and Need
  • Build a Strong Foundation
  • File Articles of Incorporation
  • File for Tax-exempt Status
  • Maintain Your Tax-exempt Status

Nevada Small Business Consulting offers assistance in setting your nonprofit organization up for success. You can click the following link to view our 5-star Google Reviews. Contact us today at (702) 758-4691 to schedule a no-cost consultation!