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Video instructions and help with filling out and completing Form 1024 vs 1023
Instructions and Help about Form 1024 vs 1023
A nonprofit corporation is different from a traditional corporation and that it does not have stockholders and it has a charitable purpose what people typically want to do when they form a nonprofit corporation is they want to try to select solicit donations from contributors and those contributors want to write that off on their taxes as a tax deduction for a charitable contribution in order to do that you first need to form a corporation as a non-profit the state form that they have on their website does not include all the language that the IRS requires for to be qualified as a 501 C 3 non-profit our form if you complete a non-profit through us what you will receive is the language that's required with the IRS on your certificate of incorporation we also prepare the minutes the bylaws and the internal documents for the company that you need to send to the IRS to obtain what's called a tax determination letter so you'll be qualified as a nonprofit corporation so we are step one in the process of forming a nonprofit corporation step two is completing an application to the IRS it's called at 10:23 but we pryou everything you need to form that nonprofit corporation and in turn what happens is you run the nonprofit you try to select solicit donations those donors can write off the requests if you do receive that tax determination letter and we give you everything you need to get your company started.