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Business Facts

  • There are 28 million small businesses in the U.S. -- which outnumber corporations 1162 to 1.

  • 70% of small businesses are owned and operated by a single person.

  • Small businesses employ 57% of the country's private workforce.

  • Small businesses pay 44% of U.S. payroll.

  • Only 50% of businesses survive five years.

  • Immigrants make up 12.5% of small business owners nationwide.

  • 60 to 80% of all new jobs come from small businesses.

For further assistance with filing a non-profit or questions regarding the process please contact our specialists at 888-300-3039.

A nonprofit organization, often called an NPO or simply a nonprofit, is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends. While not-for-profit organizations are permitted to generate surplus revenues, they must be retained by the organization for its self-preservation, expansion, or plans.

Examples of Non Profits

  • Economic activity.

  • Supervision and management provisions.

  • Representation.

  • Accountability and auditing provisions.

  • Provisions for the amendment of the statutes or articles of incorporation.

  • Provisions for the dissolution of the entity.

  • Tax status of corporate and private donors.

  • Tax status of the foundation.

Non Profit (NPO)