Non-Profit
At Rembish, LaSaracina & Bizzarro, we assist many of our clients in establishing Non-Profit Organizations. While the reasons for forming a Non-Profit vary for each individual client, some clients form their Non-Profits to provide after-school or summer programs for underprivileged children, to provide financial support to other organizations or institutions that focus on developing treatments and cures for diseases that have affected their families, and to honor the family members that meant so much to them. The reasons are as broad as one’s imagination, but one thing connects them all, the desire to “Give Back” to the Community.
Among the many benefits of forming a Non-Profit Organization is that the Non-Profit is eligible for certain federal and state tax exemptions. With income tax rates being as high as they are, tax exemption status can be invaluable. By qualifying for recognition as a 501(c)(3) Organization, there is a “win-win” situation for both the Donor and the Organization; the Donor is permitted to take a tax deduction for the contribution to the Organization and the Non-Profit is exempt from paying tax on this income. Thus, a properly qualified Organization can operate with both parties receiving a tax benefit.
At Rembish, LaSaracina & Bizzarro, we assist you from the very early stages of formation. We will simplify the entire process for you. You will not have to create any complicated paperwork, deal with Federal or State agencies or the Internal Revenue Service. We will provide personal consultation, prepare the documents and walk you through the system.
