How to Know if You Are Already 501c3 Tax-Exempt Once you know that you qualify to be a 501c3, you should take a moment to make sure that your organization isn’t already an approved 501c3 tax-exempt organization if your nonprofit is already operating. The easiest way to do this is to look up your nonprofit […]
How to Know if You Are Already 501c3 Tax-Exempt?
Published: December 15, 2022
What is Multi Step Income Statement A Complete Guide
Published: December 15, 2022
Unlike the single-step income statement that uses only one accounting equation to compute the net profit, businesses will need to use multiple accounting equations to derive at the bottom line. In contrast to a multi-step income statement, the Dana Incorporated income statement is single-step mainly. The income statement doesn’t show Gross profit, separate and calculate […]
When Should You Start Your Nonprofit?
Published: November 1, 2022
When Should You Start Your Nonprofit? Now that you have a general understanding of what it takes to form your nonprofit, you’re probably wondering “how soon should I get started?” My law firm has many clients ranging from college students to executives, startup companies, community organizers, and professional athletes to Fortune 500 companies. Yet, the […]
Can You Incorporate A Nonprofit & What Does it Mean
Published: October 14, 2022
Should You Incorporate Your Nonprofit? After hearing all of the great ways that you can start small with giving back through your 501c3 nonprofit, you may be thinking “Do I even need a 501c3 nonprofit?” Can’t I just volunteer or donate my resources and services? Isn’t it easier to just avoid all of the headache […]
