501(C)(3) CORPORATION QUALIFICATION AND RECOGNITION

Non-Profit Corporations which are formed for charitable, scientific, religious or educational purposes, are called 501(c)(3) corporations. The 501(c)(3) is designated by the Internal Revenue Code. The 501(c)(3) qualifies your non profit corporation as being tax exempt.  The non profit corporation will not be a taxable entity as long as its activities are for charitable, scientific, religious or educational, or a combination thereof. In addition, as a 501(c)(3) corporation, the corporation will be allowed to receive tax free contribution and contributors will be permitted to deduct the contribution on their personal tax returns. You must be approved by the IRS before donations are considered tax deductible. There is a $750.00 fee made payable to the IRS which must be submitted with the application. This fee is included in our fee of $2495.00 which is the fee we charge to process the paperwork for you. To apply for 501(c)(3) status click here.  Global Corporate Services will arrange to form your new corporation in such a manner so as to be in compliance with state law and qualify for the special 501(C)(3) exemption status. We are associated with a legal firm who will prepare and submit the paperwork to the IRS to obtain the 501(C)(3) tax exempt status. Once the application has been accepted, you will receive a formal letter of determination from the Internal Revenue Service. This process, once properly submitted, takes about 3 to 6 months. To apply click here