501(c)3 and Non-Profit Help
Filing Form 1023
Any organization, that wishes to be recognized by the federal government as a non-profit charitable organization, must complete the form 1023. The form is also referred to as the 501(c)3 application. And only then can funds donated to the organization become tax-deductible to its donors. So the question is often raised how to setup a 501 (c) (3)? We have tried to simplify the answer to this question for many clients. Finally, we have concluded you let professionals do it. The 501c3 start-up application requires several supporting documents and forms to be setup. The process can be time-consuming. And if not done properly, and in its proper order, the 501(c) 3 application can take longer than it should. It may also become more costly.
A 501c3 start-up should consider its purpose and its mission before choosing its board members. Bylaws, conflicts of interests, conflicts in hiring have to be considered. Also, you must take into account many other factors at the beginning of start-up phase. And at some point, it will also need to consider a business plan for the organization. Business & Financial Solutions is experienced in processing 501 (c) 3 start-up applications. And we are knowledgeable in expediting the process. There are also provisions that are often overlooked in the Articles of Incorporation for the organization. These oversights may create problems during start-up if not handled properly at the onset. BFS simplifies the entire process.
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