Governance
Navigating 501(c)(3) and 501(c)(6) with Ease: A Step-by-Step Guide Are you thinking about forming a new association? After you complete some basic elements, including crafting bylaws and applying to become a nonprofit entity in your state, one important step you will need to take is filing for tax-exempt status with the Internal Revenue Service (IRS).…
Click here for an updated version of this article, with more complete information. Thinking of starting a new, nonprofit, tax-exempt organization? Trying to decide whether to organize as a 501(c)(3) or 501(c)(6)? Know the difference? Whereas the c3 and c6 are alike in terms of exemption from income taxes, their qualifying characteristics, the application process…