Nonprofits offer certain benefits that regular for-profit corporations lack. Major benefits include the following:
- Limited liability protection. Directors, officers, and members usually are not held personally liable for the organization’s debts and activities. Incorporating your nonprofit can help protect your assets.
- Tax-exempt status. Nonprofits can apply for both federal, state, and local tax-exempt status, allowing them to devote a larger proportion of their resources to achieving their goals.
- Access to grants. Some nonprofits are eligible to receive public and private grants or government funding.
- Tax-deductible donations. Donors can make tax-deductible donations to most nonprofit corporations.
- Low cost postage rates. Many nonprofits are eligible for reduced postage rates—approximately 40% lower than the regular rate for commercial mailers.
With Rocket Lawyer, you can create, store, and customize all the legal forms for your non profit. Form your non profit with our free incorporation service and enjoy the many benefits of a nonprofit organization.
Get started Start Your Non-Profit Answer some questions. We’ll take care of the rest.
Get started Start Your Non-Profit Answer some questions. We’ll take care of the rest.
