Formation - Entity Choice

NON-PROFIT FORMATION

Forming a non-profit organization involves several steps. 

  • Choice of entity advice
  • Obtaining tax-exempt status & compliance advice
  • Development of required governing documents such as:
    • Articles of Incorporation,
    • Certificate of Formation
    • Bylaws. 
  • Governance Advice regarding Board of Directors/Trustees and Organization Meeting
  • Employer Identification Number (EIN)

 

ENTITY CHOICE

There are many forms to choose from such as:

  • C Corporation
  • S Corporation
  • Limited Liability Company (LLC)
  • General Partnership, Limited Partnership (LP), Limited Liability Partnership (LLPs)
  • Professional Corporation
  • Business Trusts

JOINT VENTURES & STRATEGIC ALLIANCES

Individuals and entities may enter into joint ventures and strategic alliances for a variety of business reasons; for example:

  • Pooling resources for research and development of a prototype
  • Joint manufacture of an existing product
  • Shared distribution channels in the marketing or distribution of products
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