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Suggested Language for Corporations and AssociationsInternal Form

Suggested Language for Corporations and AssociationsInternal Form

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Instructions and help about article of association of company

welcome to Mark's legal minute in this minute I'm going to explain what a non-profit Corporation is well a nonprofit corporation is generally a corporation designed for charitable purposes and there's a two-step process one you can form a non-profit on some Biz but the big challenge is getting that non-profit designation from the IRS generally what's referred to as a 501c3 Corporation and the reason you need that designation is so that when you get donations the person who is donating gets to write off that donation on their taxes if you are not a 501c3 under the IRS then they're not going to get that donation it's going to be very difficult to run your non-profit and a non-profit generally is uh formed for either education religious or some sort of charitable purpose I'm Mark Martella thanks for watching

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