Fewer formalities and legal requirements For example, you don't have to hold board meetings or maintain records detailing how every company decision is made. Ease of setup and management Just set up and get to running your business.
Plan to raise money from outside investors The stricter formalities give investors the knowledge they desire about how your company is run. Plan to go public in the future Are you shooting for the stars for a big exit?.
The term 501(c)(3) refers to a specific IRS tax code. To qualify, the nonprofit must meet IRS requirements. If your organization qualifies, we’ll help complete and file your application. The benefits of a nonprofit are numerous—the best known if the tax-free status. Learn more about nonprofits, including types of nonprofit, start-up procedures, how to apply for tax-exempt status, and more.
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