This Legalzoom Nonprofit Review will answer your questions about forming a nonprofit online at Legal zoom .com

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Advantages of Forming a Nonprofit

  1.  Get Tax Relief – As a nonprofit, you are eligible for federal, state and even some income tax exemptions
  2. Accept Donations Legally – Once you form your nonprofit you can then apply for 501c3 status which constitutes a legal charity
  3. Asset Protection – The nonprofit directors and members are protected personally from any legal action or debt occurred by the nonprofit

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Pros of Legalzoom

  • Satisfaction Guarantee makes certain that you are pleased with the service or you will get your money back. I like doing business with companies that stand behind their services with such a strong policy. You must make your refund request within 60 days of purchase.
  • Multiple Package prices are great because each person can opt for the one that fits their needs and budget. Starting at $99 covers all the basics for most charitable organizations.
  • Experience of Millions of legal formations of LLC, INC corporations and Nonprofits assures that they have the professional staff and systems in place to make your nonprofit dream a reality.

Cons of Legalzoom

Definition of 501c3 Organization

This designation – 501c3 – is an IRS tax code which marks your group for special taxation rules which exempt you from paying federal, state and income taxes.  Once you form your nonprofit corporation you can apply for this advantageous application with the help of Legalzoom experts.

To be qualified for Nonprofit status your corporation needs to be created to help the public, or a specific group of people or the members of the Nonprofit.  Organizations such as religious, charitable and political are usually set up as nonprofit corporations. Examples of member-based nonprofits are associations such as The Elks or a golf club.

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