If you are considering starting a nonprofit entity like a charity, social organization, or association, there are several steps to take before applying for tax-exempt status. This article outlines these which include determining the type of nonprofit, assembling the documents you will need, understanding state registration requirements, and obtaining Employer ID numbers.  

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Your tax advisor at Sharrard, McGee & Co., PA can guide you through every step of this process and help manage the finances of your nonprofit in the years ahead. We have many nonprofits among our clients and decades of experience in advising these types of businesses. Call us at (336) 884-0410 in High Point or at  (336) 272-9777 in Greensboro.