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Why do some Incorporate???

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#12

06-23-2011, 07:23 AM

Titchou

GreekChat Member

Join Date: Jul 2003

Location: Sweet Home Alabama

Posts: 4,603

The recommended incorporation status for social organizations which all NPC groups are is a 501 C 7, non profit. This is NOT a tax exempt non profit as of the 28 501 C IRS designations, only the C 3 is tax exempt, such as charities. The foundations are incorporation separately as C 3's. As all usch organizations must file tax returns, this designation gives them the best filing options.

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