A nonprofit is a corporation or an association that conducts its business for the benefit of the general public and without shareholders and without the motive of making a profit. Such organizations can be established to help the homeless, abused women and children, and neglected animals. They can also be created to help educate the poor and provide job skills and training to the less fortunate. Regardless of the exact cause of the nonprofit, nonprofits generally have one thing in common: they are designed to make our world a better place.
Since nonprofit organizations are different from profit-driven organizations, the funds acquired for nonprofit organizations stay within corporate accounts in order to pay reasonable salaries, expenses and to fund the activities of the organization. The state doesn't consider salaries personal benefits since people often need to get paid while operating an organization; however, excessive salaries can cause a corporation to lose its nonprofit status.
Before you start a nonprofit organization, it's important that you examine the need for the type of nonprofit that you are planning to establish. Once you have done your research and figured out what kind of nonprofit you want to start, you will want to ask yourself the following questions:
- Who will be involved?
- What do I need to do to get started?
- When should I file the paperwork and where?
- Where can I obtain quality assistance?
- How do I go about creating and sustaining my nonprofit organization?
- Why will my new organization help accomplish the mission?
In order to successfully establish a Nevada nonprofit organization, there will be a lot of state and federal paperwork to fill out, and launching the organization may require the help of a lot of people. Ever heard of the saying that it takes a village to raise a child? Well, it takes much more than you alone to keep your nonprofit alive and growing. You will need to know what papers need to be filled out to incorporate at the state level and you will need to know how to secure your tax exempt status from the federal government.
For help filling out the mountains of paperwork on the state and federal levels, make sure that you turn to a true expert, and don't turn to friends who will work for free. While your friend's father may be a divorce attorney, it doesn't mean that he's qualified to give you advice on nonprofit law. A more favorable alternative is to seek the advice of an attorney who has personal experience working with nonprofits.
At the Roland Law Firm, our Las Vegas
business law attorneys have over 30 years of combined experience working in the nonprofit sectors. For legal advice and guidance on starting a nonprofit,
contact our attorneys at (702) 529-3116 today.