Choosing a distinctive name for your organization is the first stage in the process of forming a nonprofit organization in Arizona. Verify that the chosen name is not already in use by another organization in the state before deciding on it. On the website of the Arizona Corporation Commission, you can perform a name search to see if a name is available.
Create Your Articles of Incorporation in Step 2 You must write your articles of incorporation after deciding on a name for your nonprofit company. A legal document known as the articles of incorporation describes the goals, organizational structure, and governing principles of your company. You can utilize the standard form for articles of incorporation provided by the Arizona Corporation Commission as a starting point.
A federal tax ID number, usually referred to as an EIN, is required in order to conduct nonprofit business in Arizona. Through the website of the Internal Revenue Service, you can request an EIN.
The fourth step is to submit your articles of incorporation. You can file your articles of incorporation with the Arizona Corporation Commission once you’ve finished them and gotten an EIN. In Arizona, there is a $40 filing fee for charitable organizations. Your articles can be submitted by mail or online. Arizona S Corp formation:
The procedure for establishing a S Corp in Arizona is comparable to that of registering a nonprofit organization. A name for your corporation, articles of incorporation, an EIN, and filing your articles with the Arizona Corporation Commission are all necessary steps. In Arizona, there is a $50 filing fee for S Corps.
Several elements, including the sort of corporation you’re forming, the intricacy of your articles of incorporation, and whether you engage an attorney to help you with the process, will affect how much it will cost to form a corporation in Arizona. In Arizona, a corporation must pay a $60 filing fee.
In Arizona, businesses and nonprofit organizations are not obliged to have bylaws, but they are strongly advised. Bylaws are a set of guidelines that control how meetings are run and board members are chosen, among other internal business of your organization. Bylaws can help to make sure that your organization runs smoothly and can also offer clarification in the event of a disagreement or legal difficulties.
In conclusion, if you follow these instructions, forming a nonprofit organization in Arizona can be a simple procedure. Don’t forget to select a distinctive name, write your articles of incorporation, get an EIN, and submit them to the Arizona Corporation Commission. Review the exact criteria and costs for each type of company if you’re interested in founding a S Corp or a corporation in Arizona. Bylaws can be a useful tool for guaranteeing the success of your organization even though they are not necessary in Arizona.