When a potential client comes in to form a company, one of the first questions we have to ask is whether that client wants a nonprofit or a for profit company. Almost always, that entrepreneur is already sold on one or the other, but it is every good attorney’s job to ensure they’re sold on…

If you’re applying for a tax exempt recognition through the Internal Revenue Service (IRS) such as a 501(c)(3) or similar type of recognition, you will be required to include a conflict of interest policy in your governing documents. Fortunately, the IRS has provided significant guidance on what needs to be included, as well as providing a…

We all know that a 501(c)(3) nonprofit is a charitable nonprofit, but what are the specific categories that qualify? If you didn’t know this, don’t worry, we have a great blog about the differences between nonprofits and charities, and one on whether you need a 501c3 charity or not. Which of these would you think…

The terms “nonprofit” and “charity” are frequently used interchangeably. In today’s common society, we’re constantly led to believe they are the same thing; however, there are very important differences that have implications on your wallet. Even though they’re different, they may still both have a charitable purpose or significant impact on the community. A nonprofit…

I go through the same set of questions with every client who wants to set up a 501(c)(3) charitable organization, so I thought it would be helpful to others who might be interested in starting a charity in the near future. Does your company need to be nonprofit? If you don’t have an income at…

  Intro Starting a North Carolina Nonprofit is actually very easy to do, but there are a ton of formalities you’ll have to follow if you want to be recognized as a 501(c)(3) or specific requirements for other industries. This purpose of this article is to guide you through the basics of starting a nonprofit…

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