A gratifying and rewarding experience can come from starting a non-profit organization. But it also involves a lot of effort, preparation, and paper work. The Articles of Incorporation are among the crucial documents required to create a non-profit. An instruction manual for writing articles of incorporation for non-profit organizations is provided here. Articles of Incorporation:
What are they?
A corporation’s existence is formally declared via its articles of incorporation. It describes the organization’s goals, rules, and structure. To establish the non-profit as a legal entity, the articles must be submitted to the state where it is located.
Guidelines for Non-Profit Organization Articles of Incorporation
1. Select a Name: The non-profit’s name must be chosen before crafting its articles of incorporation. The Secretary of State of the State shall authorize the name, which shall be distinctive. Additionally, the name ought to convey the goals and objectives of the nonprofit.
3. Describe the Organizational Structure: The organizational structure section outlines the board composition, duties, and responsibilities of the non-profit’s governance.
4. Identify Tax-Exempt Status: As long as a non-profit organization satisfies the standards of Internal Revenue Code Section 501(c)(3), it is not subject to federal income tax. The non-profit’s intention to petition for tax-exempt status under this provision should be stated in the articles. In Ohio, how many board members are necessary for a nonprofit organization? Ohio mandates that non-profit organizations have three board members at a minimum.
Can a 501(c)(3) Organization Be Incorporated?
It is possible to incorporate a non-profit organization as a 501(c)(3) tax-exempt organization.
How Should Articles of Incorporation Be Written?
To write Articles of Incorporation for your non-profit organization, adhere to the procedures indicated above. To assure adherence to local, state, and federal regulations, you can also obtain legal counsel.
How Do I Apply for an Ohio 501(c)(3)?
You must finish and submit Form 1023 to the Internal Revenue Service (IRS) in order to request 501(c)(3) status in Ohio. Additional forms might also need to be submitted to the state of Ohio. It is advised to get legal counsel to be certain that all filing requirements are met.
Finally, even though drafting articles of incorporation may appear difficult, doing so is a crucial part of creating a non-profit organization. You may make sure that your non-profit is in conformity with state and federal regulations and position it for success by following the steps indicated above and enlisting legal counsel.
picking a name, picking the board of directors, drafting bylaws, and submitting the articles of incorporation to the state are all common procedures in the formation of a nonprofit organization. You must include information regarding your nonprofit’s mission, location, and board of directors among other things while submitting the articles of incorporation. In order to be sure that your charity is legitimate and capable of carrying out its mission, it is crucial to meticulously adhere to the state’s standards.