What is a 501(c)(3) corporation?

Answer A 501(c)(3) is an organization that has been designated as tax-exempt by the Internal Revenue Service (IRS). This is one of over 25 types of organizations eligible for tax exemption. Having this de... Read More »

Top Q&A For: What is a 501(c)(3) corporation

What is the difference between a public corporation and a private corporation?

Public and private corporations are common types of business entities used in the United States and Europe. They share many of the same features, benefits and disadvantages, with a few key exceptio... Read More »

What Is the Process to Convert From C Corporation to S Corporation?

Shareholders can choose to change a regular corporation to an S corporation to enjoy special tax benefits. An S corporation is formed by making a subchapter S election under the Internal Revenue Co... Read More »

What is a 501c3?

The term "501(c)(3)" refers to a section of the tax code that offers a tax-exempt status to qualifying organizations.Tax ExemptionsOrganizations accepted under section 501(c)(3) of the tax code are... Read More »

What is section 501c3?

Section 501 of the U.S. Internal Revenue Code exempts certain organizations from taxation. Sub-section 501(c)(3) identifies specific organizational purposes that qualify for exempt status, includin... Read More »