Incorporate Church Business Articles | April 6 Sheldon Rankins Womens Jersey , 2006 A non-profit association is an incorporated association run with the primary purpose other than to make profit. The not-for-profit associations fall into three categories. Educational institutions and...
A non-profit association is an incorporated association run with the primary purpose other than to make profit. The not-for-profit associations fall into three categories. Educational institutions and charitable associations for public benefit, trusts for the mutual benefit of the members and religious establishments like churches, religious beneficial programs and religious education. Churches are theological institutions with Jesus Christ as the head. Churches exist for the worship of God. Other activities include proselytizing, i.e. spreading the word of God to others and other charitable works. Churches have many denominations like Catholics, Protestants Alex Anzalone Womens Jersey , etc.
By the definition of corporation as a legal entity, churches can also be incorporated. The advantages to incorporate a church are tax exemption status under IRS code section 501(c) (3); thus, the donations and property transferal are exempted. Also, the limited liability clause protects the officers, in this case Marcus Williams Womens Jersey , the priests and other members of the church committee. Other fringe benefits include lower postal rates on bulk mail and the options for employees to join federal subsidized job training and work study programs.