Starting a Tax-Exempt Organization
The term 501(c)(3) refers to Section 501(c)(3) of the Internal Revenue Code, which contains the rules and regulations governing exempt organizations. Tax-exempt organizations are commonly known as 501(c)(3). 501(c)(3) includes both public charities and private foundations. Being a tax-exempt organization is not static. It is a process with a life cycle. The five normal steps […]