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  • Home Page for Business Attorney, Yoel Molina / Abogado Corporativo y de Negocios Yoel Molina
  • Online Legal Solution Home Page
  • Business Law
  • Derecho empresarial
  • Corporate & Business
  • Corporaciones & Negocios
  • Trusts & Estates
  • Credit Repair
  • Condo Law Blog
  • Blog de Ley de Condominios
  • Money Back Guarantee
  • T.V. Appearances, Awards, Affiliations, and Miami, Fl. Community Involvement of Business Attorney Yoel Molina/ T.V. Apariciones, Premios, Afiliaciones y Miami, Fl. Participación Comunitaria del Abogado Comercial Yoel Molina
  • Bienes & Fideicomisos
  • Garantia De Reembolso De Dinero.
  • Business Partner Stories
  • Oficina de Derecho Empresarial y Corporativo de Yoel Molina / Business and Corporate Law Office of Yoel Molina
  • Client Video Testimonials of Business Law Attorney Yoel Molina / Video del cliente Testimonios del Abogado de Derecho mercantil Yoel Molina
  • About The Law Office of Yoel Molina, P.A. Miami Law Office / Sobre la oficina de abogados de Yoel Molina P.A. Oficina de Derecho de Miami
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  • Biography of Business and Corporate Law Attorney Yoel Molina
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  • Contact Business and Corporate Law Attorney Yoel Molina / Contacte al Abogado de Derecho Comercial y Corporativo Yoel Molina
  • Slach Consultores Partnership
  • Our Fees
  • Nuestros Precios
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  • REPORTE ANUAL DE FLORIDA
  • How to start business in Florida
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  • Business Sale Package
  • New Company / Agreement / Contracts Landing Page
  • Business Landing Page
  • Spanish Landing Page
  • Florida Traffic Ticket Interview
  • Entrevista de multas de tráfico de Florida
  • Online Legal Solutions Page
  • Online Legal Solutions - Business
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  • 5 things that will bury your business
  • Are you doing this? If so you will get sued
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  • Litigation Risk Audit
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  • Employment Policy Audit
  • Business Purchase Audit
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  • FLA PROMISSORY NOTE
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17/7/2020 0 Comments

Correct Method To Set up a Non Profit

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​It is important to understand all steps before starting a Nonprofit organization because it can be an inspirational way to give something back to the community and help those in need. However, building and maintaining a non-profit organization can take years of effort and determination. All the information provided in this article is intended to provide general guidance on setting up a Nonprofit organization. Note that the specific steps may vary for each state. For detailed assistance, I recommend that you should contact your legal or tax advisor.

Do Your Homework
  • Is Non-Profit Suits You?
Public charities must be organized and operated solely for tax-exempt purposes under Section 501 (c) (3) of the Internal Revenue Code. If you want to set up a nonprofit to receive a wage subsidy, stop now and look for another option. In fact, many new nonprofit are not even ready or eligible to receive grants.

  • Learning About Alternatives
Starting a new nonprofit could be the most complicated way to live up to your passion for the community. The biggest challenge facing most new nonprofit is finding and maintaining reliable revenue streams.

  • Carry Out Analysis
Find out if (government, nonprofit, or profit) organizations are already doing exactly the same work in your community. It will be more difficult to get help if you simply duplicate existing services instead of improving or adding them.

Build Solid Foundation
  • Write a Business Plan
As with a for-profit business, a business plan can help a nonprofit to describe how it wants to fulfill its mission in more detail. It can also be used to demarcate a new project or business.

  • Make Your Mission Statement
The development of your mission statement is a decisive first step. Communicate the purpose of your nonprofit, which groups it serves and how it serves them. Every decision and action in your organization should support and encourage your mission.

  • Develop Your Board
As the governing body of your nonprofit, your board of directors performs a variety of legal functions and responsibilities. To effectively fulfill these functions, the board will change as your organization grows and matures. Although hiring is an important step in this process, a systematic approach to board development, including:
  • The orientation
  • Training
  • Evaluation
  • Training of potential board members
All these are critical to ensuring that long-term success.

Incorporate Your Nonprofit
  • The IRS requires the documents of organization and government policies and procedures that are typically associated with businesses.
  • A formal structure gives credibility to your programs and services.
  • The corporate structure restricts the liability of directors and officers of the organization.


File For 501(C)(3) Tax-Exempt Status
Apply for exemption status with the Internal Revenue Service (IRS). Note that the fee is $400 or $850, depending on whether you expect the average gross annual income to exceed $10,000 per year over a four-year period. It can also take 3 to 12 months for the IRS to return its decision, depending on the number of questions the IRS has on your request.

Ongoing Compliance
Register with your state agency, which handles charities and charity applications (usually the Attorney General). If you want to request contributions from other states, you also need to register. Again, the registration requirements vary with each state.
​
Prepare For Annual Reporting
All exempt organizations must submit a version of Form 990 to the IRS. Form 990 represents your finances, activities, governance processes, directors, and key people who are open to public inspection. The version you submit depends on your total gross income for the year. States also have their own reporting and renewal requirements that can vary from state to state. Therefore, consider tracking the finances and activities of your organization to facilitate the development of these annual reporting requirements.
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    Yoel “Mo” Molina and I am a lifelong resident of Miami, Fl.  I am a graduate of Miami Senior High, Class of 1992, Georgia Institute of Technology, B.S.  1997 and University of Maine School of Law, J.D. 2001.  I have been practicing law in Miami Since 2001. I am a former training prosecutor in the Miami-Dade State Attorney’s Office.  I have experience in jury trials, appeals, and administrative hearings. I have appeared before judges across the State. My experience ranges from civil litigation matters, collection matters, foreclosure, business and corporate, contracts, real estate, leases and employment matters..

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"Mr. Molina has always been there for us with timely, reliable and competent advice. He is an important and valuable part of our team."  Corporate Client Eric Delgado, President of American International Export, Inc., a worldwide importer and exporter of brand name appliance parts.
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"My name is Anastasia Yecke Gude and I am the owner of Healing Hands Therapeutic Massage LLC.  In the process of my company’s growth and expansion, I suddenly found myself a few weeks ago in need of a 1099 contractor agreement, and I needed it ASAP.  As in, the very next day!  I contacted the Law Office of Yoel Molina and his assistant put me in touch with Mo.  I sent him what I had drafted up and he replied within a few hours with suggested revisions and clarifications, as well as a few insights I had not even considered.  I was thoroughly impressed by the quality of work he provided, especially considering the time crunch I put him in (sorry, Mo!).  I definitely recommend his services to anyone in need of a good contract attorney, and I will be calling him again for future work…hopefully in less of a rush next time!"