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ComplianceApril 08, 2025
How to start a nonprofit religious organization
A step-by-step guide on establishing a religious nonprofit corporation. It covers defining the mission, creating a business plan, choosing a name, incorporating, organizational meetings, obtaining an EIN, and applying for 501(c)(3) tax-exempt status.
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ComplianceApril 11, 2025
12 nonprofit myths
Nonprofit organizations serve diverse purposes and support communities. Despite their impact, many misconceptions persist. This article debunks common myths about nonprofits, clarifying their roles, tax statuses, and operational realities.
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ComplianceLegalUpdatedMarch 26, 2021
Independent Director and Special Purpose Entities (SPE)
When a business transaction, usually involving commercial real estate property, calls for a Special Purpose Entity (SPE) or Independent Director, make certain you select a company with the proper experience.
Article
ComplianceApril 08, 2025
What are the legal requirements for religious nonprofit organizations
Discover the legal requirements for religious nonprofit organizations to maintain tax-exempt status and comply with federal, state, and local laws. Learn about tax exemptions, state filings, business licenses, and employment compliance.
Article
ComplianceApril 08, 2025
Are religious nonprofits tax exempt?
Most nonprofits do not automatically receive tax-exempt status; they must apply for 501(c)(3) status with the IRS. However, many religious organizations qualify as tax-exempt without needing to submit an application to the IRS.
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ComplianceUpdatedJune 15, 2021
Vcorp provides independent director services
Vcorp Services LLC, which since 2003 has been a leading provider of state corporate filing services, provides independent directors and managers for Special Purpose Entities (SPEs).