Starting a nonprofit in North Dakota

Starting a nonprofit organization in North Dakota is governed by chapter 10-33 of the North Dakota Century Code. Eligibility for starting a nonprofit organization in North Dakota 1) The application for incorporating a nonprofit organization in North Dakota… Read More

IRS prescribed Article of Incorporation clauses for Section 501(c)(3) tax exempt recognition

To be eligible for tax-exempt recognition under section 501(c)(3) of the Internal Revenue Code, a nonprofit organization must be organized and operated exclusively for “exempt purposes” as prescribed by IRS. Exempt purposes as defined by IRS The purposes… Read More

Starting a nonprofit in North Carolina

Starting a nonprofit organization in North Carolina is governed by the North Carolina nonprofit corporation act (Chapter 55A of North Carolina statues) Eligibility for starting a nonprofit organization in North Carolina 1) The Application must be filed by… Read More

Federal State Unrelated business Income tax

Introduction A nonprofit organization that has received tax exempt recognition under Section 501(c)(3) of the IRS code is exempt from taxes on Income from any activity which is substantially related to its tax exempt purpose. Income derived from… Read More