| The estimated legal expense with our office for forming your organization and applying for federal tax exempt status depends in large part upon the simplicity or complexity (as the case may be) of the nonprofit organization you wish to form. In each case, our services include preparing a detailed Application For Recognition of Exemption Under IRC Section 501(c)(3) (the "Application") (including all detailed schedules and complex exhibits that are required or recommended for submission to the IRS), that must be filed in order to obtain federal tax exempt status. You are invited to contact our office by e-mail or by phone for a free, no obligation consultation with Marshall A. Glick, Esq.
In addition to the legal fee, you will incur out-of-pocket costs estimated (for a California non-profit, tax-exempt corporation) at $1,242. These costs may vary from state to state. Please call or e-mail us for information as to the costs for forming a non-profit, tax-exempt corporation in your state. These estimated out-of-pocket costs, which must be advanced to our Client Trust Account prior to the time of incorporation, are itemized below for a California non-profit corporation.
It will be necessary to file a similar application for tax exempt status with the California Franchise Tax Board (or similar governmental entity in your State) on Form 3500, which we usually prepare prior to receiving a favorable determination letter from the IRS. We have found that filing the State exemption application prior to the IRS. issuing a favorable determination letter speeds the review process on the State level. We will provide this additional service for a legal fee of $350, plus $25 in out-of-pocket costs for filing Form 3500.
| Long distance telephone calls to California Secretary of State re: corporate name availability |
$ 20.00 |
| Reservation of corporate name |
$ 47.00 |
| Filing fee with Secretary of State re: Articles of Incorporation |
$100.00 |
| Filing fee with Secretary of State re: Statement by Domestic Nonprofit Corporation |
$ 40.00 |
| Messenger service (ParaSec, Inc.) to offices of Secretary of State |
$ 25.00 |
| Corporate minute book, membership certificate book and corporate seal (we order only the best quality corporate supplies) |
$140.00 |
| User Fee payable to IRS for Determination Letter Request |
$750.00 |
| Filing Fee for Form 3500 (Franchise Tax Board) |
$ 25.00 |
| Copying Charges |
$ 45.00 |
| Miscellaneous |
$ 50.00 |
Total estimated out of pocket expenses * |
*$1,242.00 |
*Although cost estimates are approximations based upon past experience, actual out-of- pocket costs may be more or less than the amounts estimated; your account will be credited or charged for the actual out-of-pocket costs incurred.
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