Tampa, Fla. -May 23, 2008 - Online incorporation service MaxFilings MaxFilings today announced the launch of its nonprofit corporation formation service now available online at MaxFilings.com. With the addition of this new business formation option online at MaxFilings.com, any charity or other nonprofit corporation will be able to easily form their organization’s corporation. In addition, they can research more about what forming a nonprofit corporation entails in the free incorporation knowledge center at MaxFilings.
Nonprofit corporations are usually formed by groups involved in activities that benefit society in general. Members are essentially the shareholders of the corporation and, along with directors and officers, are entitled to the same legal protection as a for-profit corporation. With nonprofit corporation formation, membership dues and contributions usually constitute the maximum financial risk for members, directors and officers.
Jim Reuning, Senior Vice President of Operations at MaxFilings, said, “Nonprofit corporations do tremendous good in our society and we are proud to be able to make available our online incorporation services for this type of organization. Now with nonprofit corporation formation service, not-for-profit organizations can take advantage of our fast, easy business formation services previously only available online to LLCs and for-profit corporations at MaxFilings.com.”
After forming their nonprofit online, it’s recommended the organization obtain tax-exempt status if they qualify under Internal Revenue Service rules. Not all nonprofit corporations are tax-exempt. Obtaining this status is required to receive grants from the government and private foundations. Also, tax-exempt status allows donors to deduct contributions from their annual income tax returns. “Donors feel more comfortable donating to a formal non-profit corporation,” says Reuning. “With tax-exempt status, donors also have more incentive to contribute since their contributions will be tax deductible.”
To find out more about the new nonprofit corporation formation service at MaxFilings, please visit https://www.maxfilings.com/incorporation-knowledge-center/form-your-nonprofit-corporation.php.
MaxFilings is an online incorporation service that lets businesses business owners submit information necessary to incorporate or form an LLC online easily in 10 minutes or less - or just start organizing all their information until they are ready. There is no charge for companies to store their incorporation information in the secure MaxFilings system, and there is never any obligation to order. The company’s incorporation fees are very affordable, and free access to an extensive online incorporation library is available. In addition, the company offers newly incorporated businesses access to online promotional services such as business cards, PR, web sites, and SEO services through partner company SEO Advantage. For more information, visit www.MaxFilings.com.