Non-Profit Formation

Steps to take to speed along tax-exemption approval - April 29, 2011

No matter how well-planned or thought out the mission of a nonprofit organization is, a socially-conscious entrepreneur may be in for a shock if they were under the impression that they were going to be able to operate their corporation without paying taxes. Because the... Read More

How a nonprofit makes money without losing its tax exempt status - April 26, 2011

When a nonprofit organization makes money, it can run into some murky waters, because by definition, these types of legal structures exist solely to serve a community or specific group of the population. So, as a small business owner or entrepreneur, what are you to do ... Read More

Avoiding a nonprofit lawsuit - April 08, 2011

Just because a nonprofit incorporation may have a group or cause's best interest at the heart of its mission does not mean that it is exempt from lawsuits. For this reason, board directors and entrepreneurs should be sure to take the proper steps to protect themselv... Read More

Using networking to find business prospects - April 08, 2011

Networking is essential to the success of any small business, particularly during the incorporation process, when an entrepreneur may be strapped for time, help and funding.However, as with any other business strategy, one cannot simply walk into networking blindly and ... Read More

How to handle conditional funding from donors - April 08, 2011

While the economy attempts to recover from the Great Recession that rocked so many small businesses and nonprofit organizations, many entrepreneurs feel the need to accept funding from wherever they can get it.In a nonprofit organization, funding can often be hard to co... Read More

Nonprofit organization Idea Village helps regrow New Orleans economy - April 06, 2011

One nonprofit organization is working to rebuild New Orleans, literally from the ground up. After Hurricane Katrina ravaged the city in 2005, it not only destroyed the economy, but it also spurred entrepreneurial activity out of necessity.According to Inc. magazine, bet... Read More

Tips to keep nonprofit volunteers happy and returning - April 04, 2011

The key to most nonprofit organizations, aside from a steady source of funding and a reliable board of directors, is a stream of volunteers that keep operations afloat.One way that a nonprofit can keep its volunteers active is to leverage their reasons for helping out i... Read More

How a nonprofit could lose its 501(3)(c) status - April 04, 2011

When a nonprofit organization is granted 501(c)(3) status, the board of directors is often celebrating. The necessary paperwork and process required to file for such tax exempt status is a long, tedious process.However, even if a nonprofit organization is granted this s... Read More

Ways to boost a nonprofit organization's image - April 04, 2011

Nonprofit organizations rely heavily on support from the public, other businesses and grant-giving agencies in order to survive. One way to increase the charitableness, and hence the number of donations, from these groups is to improve your public image.If your organiza... Read More

Switching legal structures to a nonprofit requires demographic research - March 28, 2011

In light of the Great Recession, many small businesses are looking at switching legal structures and purposes from the for-profit sector to the nonprofit sector. Although nonprofits offer many benefits, specifically to the local community or the groups that they serve, ... Read More

How to help secure approval for tax exemption - March 25, 2011

When an entrepreneur decides to incorporate a nonprofit organization, rarely is all the paperwork and red tape associated with the process on their mind. Instead, he or she thinks of the benefits it will offer the community the business serves and the excitement associa... Read More

The benefits of incorporating a nonprofit organization - March 25, 2011

Incorporating a nonprofit organization may be one of the most beneficial routes that a small business owner or entrepreneur can choose to go down, as they are playing an increasingly important role in U.S. society. Currently, there are more than 1 million incorporated n... Read More

Benefits associated with incorporating a nonprofit organization - March 21, 2011

There are a number of benefits associated with incorporating a nonprofit organization. One of the top boons that most business owners recognize is that a nonprofit organization is eligible for state and federal exemptions. Additionally, a tax exempt nonprofit organizati... Read More

How fiscal sponsors benefit nonprofit organizations - March 17, 2011

Sometimes, a nonprofit incorporation may not want to classify itself as a 501(c)(3) tax exempt organization. Although each organization has its own motivation behind the business choices that it makes, this particular move could put a nonprofit in jeopardy of securing g... Read More

Applying for 501(c)(3) tax exemption - March 09, 2011

Applying for 501(c)(3) tax exemption status is, first and foremost, a timely endeavor. Anyone planning on doing it should expect it to take up the better part of their day. In fact, the IRS advises organizations to set aside ten hours out of their schedule to complete t... Read More

The difference between tax exempt and nonprofit incorporations - March 04, 2011

Often, the terms used to describe an association can confuse a small business owner. For example, the word "association" describes both a nonprofit incorporation and a tax-exempt entity, which are two separate formations.A business incorporated as a nonprofit ... Read More

What to consider when incorporating a nonprofit - March 04, 2011

Incorporating a nonprofit may be a good idea for a small business owner who has several years of business experience under their belt, who is passionate about a particular issue and is looking to give back to the community. It is advisable, however, to not jump in witho... Read More

The growing attraction of nonprofits to young entrepreneurs - February 23, 2011

Recently, more young entrepreneurs have taken an interest in not for profit incorporations and social enterprises, according to the website AllBusiness. An increasing number of Millenials - those in their 20s and early 30s - find themselves promoting a cause after start... Read More

What social entrepreneurs should keep in mind regarding not for profit incorporations - February 23, 2011

The social entrepreneurship field has seen an increase in appeal recently. According to Entrepreneur magazine, some 30,000 social entrepreneurs are applying their business skills to help solve problems of pollution, poor nutrition and poverty worldwide. Despite this eno... Read More

Employment guarantees within a not for profit incorporation - February 23, 2011

Not for profit incorporations are run by a board of directors who, together, oversee the organizations across all levels. Because of this, no one person has lifetime job security within this type of legal structure - the board has the right to ratify and disapprove of h... Read More

The Pros and Cons of Grants - February 07, 2011

Obtaining a government-backed loan is difficult. Most of the grants awarded to businesses and organizations are at the local level, are nonprofits or are academic and are involved in a high level of research, development zones, science, technology or other sectors. Even... Read More

How to file for tax-exempt status as a nonprofit organization - December 10, 2010

Many of the real benefits of forming a nonprofit come from a 501(c)(3) status, but simply incorporating your business as a nonprofit does not guarantee its tax-exempt status. For a non-profit to become tax-exempt, it must file for it and be approved by the IRS.Once inco... Read More

Essential steps in starting and incorporating your nonprofit - December 07, 2010

As with any business venture, incorporating a nonprofit takes careful planning and a great deal of understanding concerning business planning. Should you decide that now is the time to incorporate, there are several steps to consider.Early on in the planning process, it... Read More

Laws and taxes concerning nonprofits - December 02, 2010

When making the decision to register an organization as a nonprofit, entrepreneurs must be sure to understand the legalities and tax implications behind the classification.Incorporating a company as a nonprofit does not necessarily make it exempt from federal income tax... Read More

Incorporation can be the right choice for nonprofits - November 30, 2010

When working to build a nonprofit organization, entrepreneurs may find themselves wondering if they should seek the help of a business incorporation service. While there are likely pros and cons no matter what decision the nonprofit's leaders come to, a strong argum... Read More

About Vcorp Services LLC

Vcorp Services assists in the creation of new businesses and helps maintain existing businesses in all 50 states. Quick, accurate and at the lowest rates, Vcorp's knowledgeable and experienced staff has helped form thousands of new businesses including: LLCs, S-Corporations, C-Corporations, Partnerships, Non-Profits and Professional Corporations. Vcorp works with entrepreneurs, legal and tax professionals, as well as real estate experts to set up and maintain businesses across the country. Vcorp also specializes in helping small businesses to get started, grow and remain in compliance with federal and state regulations.