Why incorporate?
If you want to start a nonprofit, you want to make a difference. There are good legal and business reasons to incorporate your tax-exempt nonprofit organization.
A personal lawsuit is possible against you and your organization's officers, directors, and members if you do not incorporate a nonprofit. When you incorporate, you create a legal entity that can sue and get sued. In other words, if there is a case for a legal claim, the nonprofit may get sued, but you and others at the nonprofit get protection from personal claims.
When you incorporate a nonprofit, you give your charity credibility. As a result, when donors support your group as a legal entity, they feel better about their gifts. The knowledge that donors get when giving to a nonprofit provides them a feeling of trust in the organization.
We file the paperwork.
Incorporating a nonprofit is easy with RENOSI. When you partner with the pros, you make sure to protect your nonprofit. We focus on making certain that all paperwork gets done—on time. That way, you focus on what's most important, your mission. For instance, we take care of getting your EIN, also known as a federal tax ID number. And, we also make sure to file your annual reports each year.
Do I need an EIN? Yes!
Nonprofits need their own EIN, also known as a federal tax ID number. If your nonprofit does not have a valid EIN when you join RENOSI, we take care of getting this for you.
In most cases, your EIN will be obtained after your incorporation is approved in your state, which helps avoid potential issues down the road.