Nonprofits are organizations that exist to promote social welfare or public interest. There are many different kinds of nonprofit organizations. Some are social welfare groups, while others are religious institutions. Still, others focus on education, health care, or environmental protection. A … [Read more...] about Chicago Attorney for Non Profits
There are many different legal requirements associated with operating a non-profit organization in the state of Illinois. This includes an annual filing of Form AG990, an annual financial report that must be completed by organizations within six months after the organization’s close of the fiscal … [Read more...] about Can You Help My Nonprofit with Form AG990?
The decision to incorporate is an important one. Not all nonprofit organizations decide to become a corporation. There are many reasons why a nonprofit organization would choose to incorporate, and some situations where organizational leaders may not feel that it’s worth the investment. In this … [Read more...] about Why Should a Nonprofit Incorporate?
Non-profit organizations are businesses and every business needs a business structure, even if the sole purpose of creating and operating the organization is not to generate profit for shareholders. Deciding on how to structure a non-profit organization is one of the first and most important … [Read more...] about What Should My Business Structure Be?
Generally, non-profit organizations are tax-exempt in the United States. However, there are some circumstances where a non-profit organization might need to pay taxes on the income it generates. One such instance is with unrelated business income. In this blog post, learn more about unrelated … [Read more...] about What is Unrelated Business Income?