The most important reasons for incorporating are personal liability, credibility, and control.
By incorporating, you create a new, legal, entity that can sue, and be sued. Without incorporation, any legal claims that are brought against your nonprofit must be brought against the individual employees or volunteers because there is no legally incorporated entity to sue.
Getting insurance for your nonprofit also is a good idea to help with liability. Your nonprofit will probably need its own policy.
Many find that their nonprofit and its activities are taken more seriously by all involved if the group is incorporated.
At RENOSI, we make sure you get incorporated, your annual reports are filed each year, and your fees are paid on time!
Nonprofits need their own EIN, also known as a federal tax ID number. If your nonprofit does not have a valid EIN when you sign up with RENOSI, we take care of getting this for you.