Nonprofit Corporation Overview
Business owners typically form Nonprofit Corporations for charitable, religious, educational, scientific, or literary purposes. In most cases, Nonprofit Corporations may not distribute profits to company owners. However, like a C Corporation, owners of a Nonprofit Corporation can separate and protect their personal assets from the debts and obligations of the business.
Form your Nonprofit Corporation online today.
How can a Nonprofit Corporation benefit your business?
- Depending upon your business activities, you can apply for tax-exempt status through the Internal Revenue Service (IRS).
- With the correct tax status, you can accept tax-deductible donations from contributors.
- Certain nonprofit organizations can obtain public or private grants.