Launching a nonprofit can be a fulfilling experience. However, it takes a ton of effort and commitment. Choosing a purpose is the first stage in establishing a nonprofit organization. You can start the process of forming your nonprofit as a 501(c)(3) organization once you have decided on its mission.
Articles of incorporation must be submitted to the Arizona Corporation Commission in order to establish a nonprofit corporation there. The name and purpose of your organization, as well as the names and addresses of the directors and the registered agent, must all be listed in the articles of incorporation.
You must first decide on a name for your business before you can incorporate in Arizona. The name must be original and unclaimed by another company. You must submit articles of incorporation to the Arizona Corporation Commission after deciding on a name for your business. The Internal Revenue Service (IRS) must issue you an Employer Identification Number (EIN), which is another requirement.
The letter “c” in “501(c)(3)” stands for “corporation.” A 501(c)(3) organization is a tax-exempt corporation founded for philanthropic, religious, educational, scientific, literary, or other public good purposes. A nonprofit organization must submit Form 1023 to the IRS and get approval in order to be tax-exempt.
Finally, it should be noted that creating a nonprofit 501(c)(3) organization involves considerable preparation. It is crucial to establish the organization’s goals, submit the articles of incorporation, get an EIN, and apply to the IRS for tax-exempt status. You can create a successful nonprofit organization that serves the general public by adhering to these guidelines.