ISBA
DCBA
WBBRCC

NON-PROFIT & 501C3 SERVICES

Basic Package

Liability Protection

You will also need

You may also need

Tax Related

If you will have employees

DBA (aka Doing Business As, Assumed Name, Fictitious Name)

Corporate Counsel Club

Agreements

Changes to Your NFP

Basic Package

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Liability Protection

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You will also need

  • County Recording (aka Compliance with Post Incorporation Requirements of BCA) This is no longer required in Illinois as of 1/1/2011.
  • Charitable Organization Registration Statement: If you will be collecting donations or holding fundraisers then you need to file a Charitable Organization Registration Statement with the Illinois Attorney General’s Office. AMC Legal will prepare and submit this for you for $150.
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You May Also Need

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Tax Related

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If you will have employees (even if you employ yourself)

  • Report to Determine Liability for Unemployment:  This will determine whether you have to pay into the unemployment system.  If you do, you may be eligible for unemployment if your business is not doing well.  AMC Legal can prepare and file this for you for $75. (This will first be sent to you for your review and signature before it is filed).
  • New Hire Reporting Forms:  This reports basic information for the state to track who is working in Illinois.  AMC Legal can prepare and file this for you for $35. (This will first be sent to you for your review and signature before it is filed).
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DBA (aka Doing Business As, Assumed Name, Fictitious Name)

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Corporate Counsel Club

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Agreements

  • Indemnification Agreement:  This is a strongly recommended agreement that every single business needs and here’s why.  When you incorporate, you are protected from personal liability (provided you follow all corporate formalities) as the owner of the company.  Shareholders are protected from liability by statute but directors and officers are not.  With the indemnification agreement if a director or officer is found liable for a decision made in the regular course of business, the corporation will pay for any court costs and judgments the officer or director incurs in defending a lawsuit or action. This Agreement is only $75.
  • Employment Agreement: An Employment Agreement is an essential way to give you security as an employer and to manage the expectations of the employee. As with anything, get it in writing! AMC Legal can prepare a custom employment agreement suitable for your situation. An employment agreement can address many situations such as: scope of work, commission, salary or hourly terms, vacation, over time, sick time, non competition, employment at will or for cause termination and confidentiality. Every employer, no matter how big or how small, needs some type of agreement. This agreement starts at $120 complex provisions may add to the price.
  • Independent Contractor Agreement: Extreme care must be exercised when using Independent Contractors (ICs). The IRS and the state of Illinois are cracking down on the use of ICs. Illinois enacted new laws as of January 1st of this year to enforce this even more. Their motivation? Taxes of course. If your ICs truly are independent then it is the IC’s responsibility for paying employment taxes, not yours. However, they must truly be independent to be considered ICs. There are several factors the federal and state government uses to determine independence. Three of which are: is the IC incorporated on its own, is there an IC Agreement and do you exercise control (other than general direction) over the IC? If your IC is already a separately incorporated business then that is taken care of. Otherwise, you can recommend, or even require, that they be incorporated. Secondly, you need an Independent Contractor’s Agreement to legally set forth the relationship as being truly independent. Call AMC Legal to discuss this important matter and to obtain an IC Agreement. Other businesses who have dealt with ICs incorrectly have been required to pay back employment taxes for the entire time they’ve used the IC. Don’t let this happen to you. This agreement starts at $120 complex provisions may add to the price.
  • Lenders Agreement & Promissory Note: If you would like to fund your Non Profit Organization but not consider it a donation you can lend the organization the funds and get paid back as if you are a creditor. There are many advantages to getting money into your NFP in this way. If you lend money to your NFP then it puts you in the shoes of a creditor. You lend the money to your organization, with a lender’s agreement and promissory note, then the NFP will pay you back with interest. This way you can get your money back from the NFP once it has the funding. AMC Legal can prepare this for you for $120.
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Changes to Your NFP

  • Change Registered Agent:  If you want to change your registered agent AMC Legal can prepare the notice, minutes and resolutions and file the necessary documents with the State for $120.  The documents must be signed and faxed or mailed back before the paperwork can be filed with the State.
  • Change Provisions:  If you need to amend your articles to add or change provisions AMC Legal can prepare the corporate notice, minutes and resolutions and file the necessary documents with the State for $125.  The documents must be signed and faxed or mailed back before the paperwork can be filed with the State.
  • Change Member:  If you are adding or changing a Member you must do a Member Resolution, notice and minures.  AMC Legal can prepare all this for you for $150.  There will be an additional charge of $20 per additional Member. The documents must be signed and faxed or mailed back before the new membership certificates will be sent.
  • Change Directors :  If you are removing or adding Directors you must have an approval from the Members.  AMC Legal can prepare the notice, minutes and resolutions for $120.  If an amended annual report is required an additional $120 will apply.  There will be an additional charge of $20 per additional Director.  The documents must be signed and faxed or mailed back before the paperwork can be filed with the State.
  • Change Officers:  If you are removing or adding Officers you must have an approval from the Directors.  AMC Legal can prepare the notice, minutes and resolutions for $120.   If an amended annual report is required an additional $120 will apply.  There will be an additional charge of $20 per additional Officer.  The documents must be signed and faxed or mailed back before the paperwork can be filed with the State.
  • Dissolution:  If you have decided to close your Non Profit you must first wind up any business you have pending.  Once your business is wound up you can then file the dissolution paperwork with the State.  AMC Legal can do this for you.  If you do not owe any money to anyone, AMC Legal can prepare the notices, minutes and resolutions for you and, once signed, can file the paperwork with the State for $120. If you do owe creditors, AMC will also prepare a notice to creditors letter for you to send to notify any and all creditors for an additional $50.  It will be your responsibility to send the letter to your creditors.  The documents must be signed and faxed or mailed back before the paperwork can be filed with the State.

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