Non Profit Corporation FAQs Back to All FAQs
How to Form a 501(c)(3) Non Profit Corporation
Forming a nonprofit corporation is much like creating a regular corporation, except that nonprofits have to take the extra steps of applying for tax-exempt status with the IRS and their state tax division. Here is what you need to do:
1. First you will choose an available business name that meets the requirements of state law.
2. Next, you file formal paperwork, usually called non-profit articles of incorporation, and pay a small filing fee to the state of registration.
3. You will then apply for your federal and state tax exemptions through the IRS and state of registration.
4. Your corporate bylaw will be created which set out the operating rules for your non-profit corporation.
5. Next, you will appoint the initial directors.
6. You will then conduct the first meeting of the board of directors.
7. Finally, you will file for licenses and permits that may be required for your corporation.
Related Questions
- How to Form a 501(c)(3) Non Profit Corporation
- What is a nonprofit corporation?
- What is a Benefit Corporation?
- What is a Flexible Purpose corporation?
- How is a flexible purpose corporation different from a non profit corporation?
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