Common Questions About Creating a Corporation
1. Q: Is it possible to establish a nonprofit
organization without incurring any costs?
A: Absolutely! With our no-cost nonprofit formation package, you
solely cover the necessary state fees. Incofile's filing services come at no charge.
2. Q: What are the fees associated with the service?
A: Certainly! Since 2004, we've been refining our service to
provide maximum value to our customers. Our efficient tech-enabled processes enable us to keep costs low
and offer you affordable, personalized nonprofit formation services with a quick and friendly approach.
Here are the pricing details for our packages:
- The Silver Package costs $0 plus the state fee, providing you with the essentials to establish your
Nonprofit Organization.
- The Gold Package is priced at $149 plus the state fee, and it's our most popular choice. It offers a
comprehensive feature set, including an included EIN Business Tax number (unlike most other
incorporation services that charge extra for this). Additionally, it includes IRS Form 2553, Corporation
Bylaws, Operating Agreement, Banking Resolution, Lifetime Company Alerts, Online Access Dashboard,
Unlimited Phone and Email Support, Business Banking Account, and a Business Tax Consultation.
- The Platinum Package, our best value option, is priced at $299 plus the state fee. It includes all the
benefits of the Gold package along with Business Contract Templates, Expedited Filing, and a Domain Name
+ Business Email.
Furthermore, when you choose to establish your Nonprofit with us, our Registered Agent service is
complimentary for the first year, and it's only $119 per year thereafter.
For more detailed information about our services and pricing, please visit our "how it works" page on
our website.
3. Q: How can I determine the most suitable type of
nonprofit organization for my needs?
A: There are four primary types of nonprofit organizations in the
United States, each with distinct goals and corporate structures, all enjoying tax-exempt status:
Public Charities/501(c)(3) Organizations:
Public charities, often referred to as 501(c)(3) organizations, typically provide affordable or free
services to the public, funded through donations. These donations can come from private individuals or
fundraising events aimed at securing financial support from members or advocates. Examples of public
charities include food banks and animal welfare organizations.
Social Advocacy Organizations:
Social advocacy organizations, categorized as 501(c)(4) by the IRS, are member-based nonprofits that aim
to achieve specific political change goals without pursuing profits. They utilize donations and
membership dues to disseminate information that supports a particular social agenda. Well-known examples
include the NAACP and the ACLU.
Foundations:
Foundations, also classified as 501(c)(3) organizations, are dedicated to improving communities, either
through financial contributions to local smaller charities/nonprofits or by organizing events that
benefit communities. Foundations are typically funded by and contribute on behalf of associated
for-profit corporations. They are also required to donate a certain percentage of their income to other
organizations annually. The Bill and Melinda Gates Foundation is a prominent example.
Trade and Professional Organizations:
These organizations fall under the 501(c)(6) category and primarily work to advance the interests of
their business members. They are primarily funded through membership dues and aim to promote the
business interests of their members. Common examples include chambers of commerce and real estate
boards.
Choosing the right type of nonprofit organization depends on your specific goals, mission, and
activities. Each type serves a different purpose and operates within its unique regulatory framework.
4. Q: . Are there specific regulations and
requirements for nonprofit organizations in my state?
A: Each state has specific rules for registration, registered
agents, annual reporting, and other requirements when it comes to nonprofit organizations. Incofile will
assist you in determining the specific compliance requirements for your state as part of the nonprofit
formation process.
5. Q: What is the filing fee for nonprofit
organizations in my state?
A: The filing fees for nonprofit organizations can vary from
state to state. You can use our free filing fees chart to easily compare the fees for different states
before starting your nonprofit.