The IRS and your state government expect your new nonprofit to begin operating like a tax-exempt corporation as soon as it's incorporated. In fact, the IRS review of whether your nonprofit deserves tax-exempt status begins on the date of incorporation, and its favorable determination letter is generally retroactive to that date, regardless of how many months later that it's actually issued. It is therefore imperative that the new corporation's Board of Directors and officers be fully aware of their fiduciary and state-law duties as soon as possible, and that the corporation act like a real tax-exempt nonprofit "right out of the gate".
As soon as your new nonprofit is created, or at any point in its lifespan, we can you give you and your Board of Directors the legal and leadership training, documents, coaching, and other tools that you need to succeed in providing “governance” to the organization so that it will continuously progress toward the achievement of its Mission while avoiding personal liability for its officers and directors. That’s all we do, and we’re good at it. Let us show you.
Contact us to schedule a free no-obligation consultation and see how we can help you and your organization to thrive! We will respond promptly to set up a video conference at a mutually-convenient time.