Nonprofit Help Guides and Resources | Page 3

Nonprofit Help Guides

What is an EIN and do I need one?

“EIN” stands for Employer Identification Number and is required by the IRS for tax identification purposes for any business with employees as well as businesses falling under a few other categories. Specifically, the IRS requires that a business obtain an EIN if it: has employees; operates as a corporation or partnership; withholds taxes on income o...

An Overview of 501(c)(3) Provisions and Purposes

A business organized under Section 501(c)(3) of the U.S. Internal Revenue Code is one used for charitable purposes. The business is exempt from federal taxes and must be a nonprofit. A 501(c)(3) organization may be a private foundation, public......

Understanding Nonprofit and Tax-Exempt Status

If you are one of the many people who has referred to a nonprofit organization as a "tax-exempt group," this article is for you. This common misconception is rooted in a misunderstanding concerning the meaningful differences between a......

5 Critical Business Licenses and Why They Are Essential

You have conducted extensive market research, drafted your business plan, completed a variety of legal documents, and finalized your mission statement. Your business is ready to open and thrive—or is it? Entrepreneurism is, at its core,......

The Top 3 Documents Every Nonprofit Needs

Nonprofits engage in various activities around the country, including the preservation of historic sites, providing assistance to homeless people, helping to care for unwanted animals, and greening our urban areas to make them more acceptable......

What are the Advantages of Incorporating?

There are many important considerations that an individual must take into account when planning to open their own business. Successful businesses depend on many different elements coming together into a singular and cohesive process that......