Posts by Melissa Clark

What Steps Need to be Taken to Form a Nonprofit Corporation?

You must incorporate the nonprofit organization in your particular state, which consists of filing your organization’s articles of incorporation with the state. It is important that your organizing documents contain the required language and specific clauses, such as a detailed exempt purpose statement, to ensure that your nonprofit will meet the requirements to qualify for […]

LLC vs. S Corporation

S-Corporation vs LLC: Which Is Best for Your Business?   For many business owners, selecting the right entity comes down to a choice between the Limited Liability Company (LLC) and the S-Corporation. These are the two most common forms of small business incorporation, with S-Corporations, or S-Corps, being the most popular business entity in America. […]

Forming a Nonprofit Corporation

Forming a Nonprofit Corporation will not only make you more accessible to potential donors. It will can your organization credibility and help you protect your personal assets, too. Unlike a for-profit Corporation, a Nonprofit Corporation is not designed to make a profit for shareholders. Instead, it is established for a specific noncommercial purpose, such as […]

What is an LLC (Limited Liability Company)?

A limited liability company (LLC) is a form of business entity that is separate and distinct from a person, like a corporation. The LLC is often described as hybrid between a corporation and a partnership (or sole proprietorship). It allows for the limited liability protection similar to that of a corporation (i.e. your risk is […]

Massachusetts bill cuts small business insurance costs

The Massachusetts Senate has passed a bill aimed at cutting health insurance costs for small businesses. The bill allows companies with 50 or fewer workers to form cooperatives, helping them purchase health insurance at lower costs. It also requires insurance companies to justify any hikes in premiums. In addition, the legislation contains a provision that […]

What is the Cancellation Policy of IncFile?

Your order is refundable until payment is forwarded to the state (typically within twenty four hours after your order is placed), less a $30.00 cancellation fee and less any expenses which have been paid or incurred in furtherance of your order with any entities, including state agencies or third party vendors. Once payment has been […]