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Reasons to Form a Nonprofit

Reasons to Form a Nonprofit Reasons to Form a Nonprofit Even though unincorporated associations can qualify for tax exemption, many people may assume that the only reason to incorporate as a nonprofit is to acquire 501(c)(3) status. This is not the case. With regard to tax exemption, 501(c)(3) may be the most well-known type of […]

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Nonprofit Categories

Nonprofit Categories Nonprofit Categories New York’s Not-For-Profit Corporation Law contains four different nonprofit categories – A through D. The Department of State decides what category a nonprofit falls under based on the purposes the organization lists in its Certificate of Incorporation. Type A is the most general category. Type A corporations can be created for […]

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