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The benefit to getting 501c3 status is the ability to accept charitable contributions. I am not familiar with a nonprofit LLC. There has been a movement in the past few years to create a hybrid of for profit and non profits called an L3C, low profit limited liability corporation.
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Yes they are.
It is possible to have a LLC and 501c3, but the IRS sets conditions. A non profit and a limited ?æLiability company may have shared values but not enough structure.
Local and state laws vary in each state on whether a 501c3 organization can hold an online contest. States such as Alabama, Hawaii, Kansas, South Carolina, and Utah do not permit it.
Yes. It is a registered 501c3 organization
Yes, they can.
No, 501c3 are documents filed with the IRS for a Non Profit Corporations' tax exempt status once the Corporation has been filed with the Secretary of states office. Articles of incorporation are documents filed with the secretary of states office to create the corporation.
501c3 organizations do not legally need two signatures on checks over $500. However, most organizations choose the amount,Êwith an average of $1000 or more requiring two signatures on checks.
hi phyillis what is a 501c3?? Start with your Small Business Association in the city you live in.
Guidestar is a company that offers all of the financial information for 501C3 corporations or businesses. You can also find the information by requesting it through the mail at Commissioner of Internal Revenue Attn: Freedom of Information Reading Room, 1111 Constitution Avenue, NWWashington, DC 20224.
See link http://www.irs.gov/publications/p557/ch03.html