You have an idea for a ministry or public service organization<\/strong>.\u00a0 Or perhaps you are already running a non-profit organization<\/strong>.\u00a0 The question naturally arises, Should we incorporate our non-profit group<\/strong>?\u00a0 The answer in most cases is: Yes.\u00a0 Consult with an attorney who is experienced in the area of non-profit corporations, contact Attorney Jim Purple<\/a>.<\/p>\n When you incorporate you create a separate entity<\/strong>, kind of an artificial person<\/em>.\u00a0 From that point forward everything is done in the name of the corporation by officers, directors, employees, members who are acting on behalf of the corporation, a separate entity. This new entity is what is liable for debts or damages caused by members, volunteers or employees of the non-profit organization.<\/p>\n There are several reasons to incorporate your non-profit organization. Perhaps the most important reason is liability.\u00a0 When your incorporate you create a level of protection from the liability<\/em> of other persons. This is commonly referred to a “corporate veil<\/strong>“.\u00a0 For example, you are a public service organization<\/strong> that works with children.\u00a0 One of you volunteers fails to keep a good watch on one of the children, and the child gets hurt.\u00a0 If you are incorporated it is the corporation<\/strong> (and maybe the volunteer) that bears the liability<\/strong>, or financial responsibility, not you.\u00a0 (Be sure to seek the advice and counsel of an attorney<\/strong> about the issue of liability)<\/p>\n Many times non-profit organizations<\/strong> want to be recognized officially by the Internal Revenue Service as non profit and tax exempt<\/strong>.\u00a0 In most cases this requires recognition as a “501(c)3″ organization<\/strong>.\u00a0 This designation comes from the section of the Internal Revenue Code, and is the official non-profit, tax exempt designation<\/em>.\u00a0 To obtain this designation you must complete a rather intensive and detailed application and submit it to the IRS for approval along with a fee.<\/p>\n At Purple Law Firm<\/a>, in Chattanooga, TN, our attorneys are experienced in the formation of non-profit organizations<\/strong> and successful completion of the 501(c)3 application process<\/strong>.\u00a0 Attorney Jim Purple has formed numerous non-profit corporations, including ministries, and service organizations, as well as churches.<\/p>\n For Example: Dental Angel Fund Foundation Network 7 Media Center, Inc.<\/a><\/p>\n Contact a lawyer who is experienced in the area of non-profit organizations<\/em>, contact <\/a>attorney Jim Purple.<\/p>\n Mobile Web<\/a><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Incorporating a Non Profit in Tennessee You have an idea for a ministry or public service organization.\u00a0 Or perhaps you are already running a non-profit organization.\u00a0 The question naturally arises, Should we incorporate our non-profit group?\u00a0 The answer in most cases is: Yes.\u00a0 Consult with an attorney who is experienced in the area of non-profit corporations, contact Attorney Jim Purple. What does it mean to incorporate, or form a corporation? When you incorporate you create a separate entity, kind of an artificial person.\u00a0 From that point forward everything is done in the name of the corporation by officers, directors, employees, members who are acting onRead More →<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":"","footnotes":""},"categories":[11],"tags":[34,53,103,196,197,220,250],"yst_prominent_words":[612,583,579,607,605,608,619,584,609,613,616,610,611,621,614,606,618,615,620],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-admin","4":"post-236","6":"format-standard","7":"category-corporations","8":"post_tag-501c-3","9":"post_tag-attorney-at-law","10":"post_tag-corporation","11":"post_tag-incorporate","12":"post_tag-incorporation","13":"post_tag-lawyer-legal-professional","14":"post_tag-non-profit-corporation"},"featured_image_src":null,"author_info":{"display_name":"Todd Couvillon","author_link":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/author\/admin\/"},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"hoot-small-preview":false,"hoot-large-preview":false,"hoot-medium-preview":false,"hoot-wide":false,"hoot-extra-wide":false,"hoot-boxcontent":false},"uagb_author_info":{"display_name":"Todd Couvillon","author_link":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/author\/admin\/"},"uagb_comment_info":1,"uagb_excerpt":"Incorporating a Non Profit in Tennessee You have an idea for a ministry or public service organization.\u00a0 Or perhaps you are already running a non-profit organization.\u00a0 The question naturally arises, Should we incorporate our non-profit group?\u00a0 The answer in most cases is: Yes.\u00a0 Consult with an attorney who is experienced in the area of non-profit…","_links":{"self":[{"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/posts\/236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/comments?post=236"}],"version-history":[{"count":0,"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/posts\/236\/revisions"}],"wp:attachment":[{"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/media?parent=236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/categories?post=236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/tags?post=236"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/purplelawfirm.com\/law-and-you-chattanooga\/wp-json\/wp\/v2\/yst_prominent_words?post=236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What does it mean to incorporate, or form a corporation?<\/strong><\/h2>\n
Why should a non profit organization incorporate?<\/strong><\/h3>\n
Incorporation Allows for Application for a 501 C 3 Designation<\/h3>\n