• October 2019
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Non-Profit

lawtrades services nonprofit

Organize your non-profit.

Attain 501(c)(3) status with the help of affordable non-profit lawyers.

– Make sure your filings are in order

– Provides long-term stability

– Gain a fresh perspective


Why a Non-Profit

Qualifying to become a 501(c)(3) non-profit organization certainly has it’s advantages. First, contributions to these non-profits are deductible on the donor’s income tax returns. Also, they can receive grants from other non-profits and government agencies as well as accept donations from private donations. Perhaps most importantly, directors of these types of non-profits are provided personal liability restrictions. There are some restrictions that non-profits face with this type of special classification. A few include not being able to be organized or operated for the benefit of private interests and the inability to participate in any campaign activity for or against political candidates. It’s smart to consult with non-profit attorneys to fully understand what’s required to attain 501(c)(3) status.

The benefits
Ensure Compliance

Make sure your filings are in order

It’s helpful to have a professional double-check the materials you’re submitting. Forgetting something will only delay your ability to be protected from personal liability, plus some applications are non-refundable.

Gain a fresh perspective

Although you may have already come to the conclusion that your organization should be a non-profit, is that really the right move? Experienced non-profit lawyers may suggest another route that makes more sense.

Provides long-term stability.

Non-profit lawyers who assist you during formation will have a greater familiarity of your organization and its needs going forward, rather than a random lawyer you’re forced to hire when something goes wrong.


FAQ


What’s a 501(c)(3) entity?

It’s a non-profit organization formed for charitable, educational, religious or scientific purposes, and organized and operated according to section 501(c)(3) of the Internal Revenue Code. Importantly, none of its earnings can be distributed to private shareholders or individuals.

Can I use a “do it yourself” website?

You could but you’re exposing yourself to risk. Those sites certainly have limitations, largely in that their forms are standardized and may leave out important details specific to your organization. You also miss out on the ability to have an attorney examine the right status and state right for you.

When should a non-profit file for 501(c)(3) status?

It’s smart to file within 27 months of the date you file your nonprofit articles of incorporation. If you file within this time period, your nonprofit’s tax exemption takes effect on the date you filed your articles of incorporation.

Do I need an attorney to secure 501(c)(3) status?

Not necessarily – but it’s wise to. Organizations that seek non-profit status are routinely denied. That’s why it’s important to secure an experienced attorney in the beginning because once you’re denied it becomes even more difficult to secure 501(c)(3) status.

Are there any activities which may cause loss of 501(c)(3) status?

There are many activities that can cause a loss in exempt status. If your organization is a 501(c)(3), you are prohibited from engaging in any activity which involves the financial or other support of a candidate running for office. Although a limited amount of lobbying is allowed, this is another area which can cause loss of exempt status if it is excessive. Other areas that can cause problems with maintaining exempt status are using an exempt organization to generate trade or business income, violating the private inurement doctrine, and failing to pay federal income tax and possibly state and local income tax for any net income generated from trade or business activities.


Reviews 

 


Daniel, H. | ★★★★★

“Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.”


Rafael, R. | ★★★★★

“I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me.”


Ori, A. | ★★★★★

“Great experience all around, LawTrades was just so much more personal and much better than other startup/online on-demand solutions for legal work,. Almost feels like I handpicked and hired the attorney myself. The Attorney was available to answer questions by phone or text message, so was the LawTrades rep who set the whole thing up. And when setting up new entities you always have questions, so this was a big deal for me. The Attorney assigned to my project was available on demand to help out explain things every step of the way and I think the guys at LawTrades have done a great job with making you feel extremely comfortable. After all was done I even got an email and a call from one of the co founders of the company to make sure I had a seamless experience. I never got a call from other companies I had used in the past like Legal zoom and the whole thing always felt so automated. Yes, granted Legal zoom probably have way more clients than Lawtrades and as such would not be feasible for their management to call everyone, however, that was a nice touch which I do appreciate. I will definitely be heading back to Lawtrades whenever I require legal assistance.”


Tamas, P. | ★★★★★

“Price. I know what I am paying instead of getting surprised. Transparent pricing I know what each bit costs instead of getting a big bill and not knowing what parts cost what and how much was for service vs hard fees such as filing fees. Also things progressed rapidly.”


Yash, P. | ★★★★★

“Amazing service, i cant get over texting to get a lawyer. it’s revolutionary and can legitimately improve the US justice system for people with no access to quality lawyers.”


Janet, S. | ★★★★★

“Quick and easy, I used LawTrades and worked with attorney Jonathan Hood to review a NDA. I got my questions answered right away. Arman was a great help making the connection. Would highly recommend the service.”