Although the terms nonprofit and 501(c)(3) are often used interchangeably, not all nonprofits have 501(c)(3) tax-exempt status. That’s because the word “nonprofit” refers to the entity’s purposes, whereas “501(c)(3)” refers to the tax-exempt status granted by the IRS to qualifying nonprofit foundations and charities.
Working with an experienced NY nonprofit lawyer can help you to obtain the legally compliant federal and state tax-exemptions in the easiest and most hassle-free way.
What is Needed to Form a Legally Compliant Non-Profit?
- Certificate of Incorporation
- Employer Identification Number
- Organizational Meeting of the Board of Directors
- Mission Statement (not legally required, but a good idea)
- Bylaws
- Nonprofit Policies
- Federal Tax-Exemption
- State Attorney General Registration
Read more about each of the required steps to get your startup organization off the ground here.
Cost of Forming a Nonprofit
What’s Included in Our Flat-Fee Formation Package?
At Claudia Pollak Law, we make it as hassle-free as possible to incorporate your nonprofit and apply for your federal and state tax-exemption. We understand that, throughout the process of forming a nonprofit you have many things to consider, so let us take care of the complex legal startup matters. Our flat fee formation package is a one-stop-shop that will equip you with all the completed documents and legal items needed to form and operate your new tax-exempt 501(c)(3) foundation or charity.
Our Flat-Fee Formation Package Includes:
1- Secretary of State Filing of Nonprofit with Tax-Exempt Compliant Charter
2- IRS Application for Federal and State 501(c)(3) Tax-Exemption
3- Attorney Legal Consultation About Startup Decisions to Structure the Organization
4- Organizational board meeting minutes and nonprofit policies
Forming a nonprofit and obtaining 501(c)(3) status can be one of the best, and most important, decisions you make for your charitable foundation. But it can also be a lengthy, complex, and costly process. Filing fees are relatively minimal (IRS charges $400 or $850 for the initial application, and there are additional fees for name reservation, certificate of type, and various other filings), but the cost of mistakes can be anything but minimal.
Poor research and planning, limited knowledge of the financial requirements, and not building an effective board are three of the primary reasons nonprofits fail. Having an experienced attorney by your side can ensure that the process is as smooth and cost-effective as possible so that your nonprofit can survive and thrive.
What’s Included in Our Flat-Fee Formation Package?
At Claudia Pollak Law, we make it as hassle-free as possible to incorporate your nonprofit and apply for your federal and state tax-exemption. We understand that, throughout the process of forming a nonprofit you have many things to consider, so let us take care of the complex legal startup matters. Our flat fee formation package is a one-stop-shop that will equip you with all the completed documents and legal items needed to form and operate your new tax-exempt 501(c)(3) foundation or charity.
Our Flat-Fee Formation Package Includes:
1- Secretary of State Filing of Nonprofit with Tax-Exempt Compliant Charter
2- IRS Application for Federal and State 501(c)(3) Tax-Exemption
3- Attorney Legal Consultation About Startup Decisions to Structure the Organization
4- Organizational board meeting minutes and nonprofit policies
Book Your Free Consultation Today
If you are interested in obtaining 501(c)(3) status for your nonprofit organization, the skilled team at Claudia Pollak Law can help. Our flat-fee formation package is perfect for passionate people looking to expedite their nonprofit’s formation, allowing our clients to achieve their mission as quickly and efficiently as possible. For more information, or to schedule a free consultation, contact us by visiting our website or calling us at 914-LAW-9111 today.