Changing officers of a corporation involves filing the articles of incorporation while adhering to Massachusetts state codes. Directors add officers formally at an annual directors meeting but can do so at any time within the scope of the bylaws.
Most charitable nonprofits that are recognized by the IRS as tax-exempt have an obligation to file IRS Form 990, which is an annual information return to be filed with the IRS by the 15th day of the 5th month after the end of the organization's accounting period.
501(c)(3) nonprofits apply using Form 1023 or Form 1023-EZ. Review the criteria for each application and make sure you meet the eligibility requirements set out by the IRS. Other types of nonprofits, including 501(c)(4)s and 501(c)(6)s, apply using Form 1024.
At least 51% of the organization's Board of Directors and Voting Membership must be either women, veterans, and/or members of one of our statutorily defined minority groups. The same Board of Directors and Voting Membership must control the NPO's daily and long-term operations.
The following are the Massachusetts requirements for directors of corporations: Minimum number. Corporations must have no fewer than three directors, unless there are two or fewer shareholders. In such case, there may be one or two directors.
Each year, all Massachusetts corporations, LLCs, nonprofits, LPs, and LLPs must file an annual report with the Secretary of the Commonwealth, Corporations Division. Let's go over important due dates, filing fees, required information, and answers to any questions you may have along the way!
Corporate officers colloquially refers to the people in a corporation that run the company's daily operations. The corporate officers are chosen by the board of directors.
Changing officers of a corporation involves filing the articles of incorporation while adhering to Massachusetts state codes. Directors add officers formally at an annual directors meeting but can do so at any time within the scope of the bylaws.