The primary benefit to starting your own Texas non-profit corporation is to obtain the special limited liability protection along with the tax and financial incentives available to registered charitable organizations.
Non-profits are recognized as a public charity and qualify for the 501 (c) (3) tax-exempt status from the IRS, are liable to obtain the many benefits and privileges available to non-profit charitable organizations. These include limited liability protection for directors and/or members, receive donations, and the permission to obtain grants from both public and private entities. This status also exempts the corporation from paying state taxes on profits generated by the entity.
We only file for your formation as a Texas non-profit corporation. Once you receive these approved documents, you use them to file an application with IRS to receive your federal 501 (c) (3) tax exempt status.