What Exactly Is a Nonprofit Corporation? Here’s a Definitive Answer

Ever heard of a company that does business without gaining profits? It may sound absurd, but some institutions, organizations, or even corporations care to do that. These corporations are also among the most active when it comes to communitarian activities, supporting social sectors, and other charitable acts that are deemed unnatural to doing business.  All … Read more

Basics for Nonprofit Bylaws: What Must be Included

The nonprofit sector greatly benefits different fields of society and strives to make the world a better place. However, before you start a nonprofit corporation, you need to create bylaws. In fact, bylaws are a requirement in most states for nonprofits to incorporate.  Nonprofit bylaws are necessary to increase the level of transparency, accountability, and … Read more

Does a Nonprofit Need to Register in the State to Fundraise?

Non-profit organizations, also known as NGOs, are bodies that do not function with any government. They are usually run by individuals either on a national, international, or community level. These NGOs have their different specializations and areas of interest, but their goal is usually the same which is to promote humanitarian causes.  In general, there … Read more

What is an S Corporation?

When starting or rebuilding the structure of a business, one common question business people ask is, “Is it better for me to have an S corporation?”. Before you decide to turn your company into an S corporation, please read this article below. Here, we will discuss what an S corporation is, how you can apply … Read more

Everything You Need to Know about Corporate Income Tax

Paying taxes is inevitable. It’s an inexorable social obligation that both private citizens and businesses must willingly comply with. Avoiding such an obligation, likewise known as tax evasion, can get you subjected to sanctions imposed by your state. For corporations to stay operational, corporate income tax must be settled in compliance with state and federal … Read more

Should I Hire a Registered Agent or DIY?

For anyone starting a business, the question of hiring a registered agent versus doing it on their own arises, and it’s a valid question. The simple answer is that you should hire a registered agent. Doing it yourself may seem like a good option. Still, it’s highly recommended that you hire a professional registered agent … Read more