DP-PROS INCORPORATION

Nonprofits are business that are created for a purpose other than generating profit. An organization is not precluded from raising revenue, but the funds must be used to support the purpose of the nonprofit and not paid out to directors, members, or staff beyond reasonable compensation. According to IRS rules, public charities, private foundations and organizations that promote a religious, scientific, charitable, or literary purpose may pursue a tax exempt classification known as 501(c)(3) status. Examples of these organizations include churches, youth summer camps, and museums. For answers to most of your questions please select here…any additional questions will be answered during your consultation.