Recorded during a live webcast in October, 2017
So You Want to Start a Nonprofit?
At both the state and federal level, there are filing requirements, fundraising regulations, restrictions on political activity and other “rules of the road” that a nonprofit must know, especially if you are a charitable organization. Our experienced faculty will explain:
- What nonprofit model is right for your or your client’s organization and mission
- Key distinctions between being a “private foundation” and a “public charity”
- How to stay compliant and avoid problems with the IRS, PA Attorney General and other regulatory agencies
- Understand the IRS definition of “unrelated business income” and explore the financial implications for a nonprofit
- How social media has impacted the nonprofit community
Walk through the Steps to 501(c)(3) Status
Using a step by step approach, the presenters will cover the basics of incorporating and drafting articles and bylaws and share tips on how to:
- Weigh the benefits and burdens of being tax exempt
- Complete IRS form 1023 to apply for federal tax exempt status
- Fill out the form so the application process goes smoothly
- Be clear about why a 501(c)(3) is not exempt from all taxes at the state level
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