Remove 2002 Remove Liability Remove Readiness
article thumbnail

Types of Nonprofits: A Comprehensive Guide

Qgiv

501(c)(2) : This type of tax-exemption is for exempt organizations to create a corporation to hold the title to property the organization owns to minimize liability risks of losing the property. Ready to get started? Generally, they don’t accept contributions. Because they’re state-sponsored organizations, they don’t accept donations.