Is there a difference between filing for a profit corporation and a non-profit corporation?
The differences with a profit and a non-profit corporation are numerous with states and the Internal Revenue Service. Filing fees for non-profits are generally much less than profit corporations. Most states require that non-profits obtain the non-profit status from the Internal Revenue Service prior to registering with a states taxing agency. A non-profit corporation is complex and is subject to different laws and regulations than a profit corporation. Forming the non-profit corporation is fairly simple and similar to a profit corporation, but completing the requirements to function as a non-profit can be difficult.
