Thursday, December 27, 2007

Some Simple Guidelines - Understanding How to Start a Non-Profit Organization

Forming a nonprofit corporation is very similar to forming a regular corporation. Tax-exemption, grants & personal liability protection are the most important reasons to incorporate a nonprofit group. There are many more benefits to being a nonprofit. There are two important benefits for forming a nonprofit, tax-exempt status and personal liability protection. Note: Obtaining nonprofit status is usually a requirement for obtaining funds from government granting agencies.

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