Non-Profit Organization: A non-profit organization uses its profit to improve its services, rather than pay dividends to shareholders. If your organization is registered as a non-profit, you may be eligible for certain programs including grants, government surplus and tax exemptions. Non-profits cannot be formed on a whim and require detailed planning on behalf of the forming parties and their business attorney. A non-profit corporation in South Carolina is governed by its board of directors and managed and operated by its officers and employees. Non-profit corporations, of course, are specifically organized to not earn profits. No part of the income or surplus of a South Carolina non-profit corporation may be distributed to its members, directors or officers; however, reasonable compensation may be paid for services rendered. As you can assume by the name, non-profit corporations are formed for purposes other than for the generation of profit and are categorized as charitable, educational, religious, public charities, and public foundations.
Attorney for Forming Non-Profit Corporations
At Nosal & Jeter, LLP, our non-profit corporation lawyers provide comprehensive representation to non-profit businesses in the Charlotte, North Carolina and Fort Mill, South Carolina areas.
501(c)(3) Tax-Exempt Status Help?
Call (803) 351-3597 or E-mail us at firstname.lastname@example.org to schedule an initial consultation with one of our business attorneys regarding setting up your North Carolina or South Carolina non-profit corporation