First, the Bad News Recent reductions in the Arizona Corporation Commission’s budget are impacting nonprofit corporations doing business in Arizona in the following ways: Inc
Private foundations are subject to a more strict regulatory regime than public charities. There are penalties for "self-dealing" transactions, failure to distribute sufficient inco
A plain language explanation of the difference between a nonprofit organization and one that is tax-exempt.
Forming a nonprofit corporation is not the same as being tax-exempt. To obtain 501(c)(3) status, newly formed entities must apply to the IRS for a formal determination of exemption