This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws And Regulations For Nonprofits In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00444
Format:
Word;
Rich Text
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FAQ
Apply for Necessary Virginia State Business Licenses. You may also need additional federal and state business licenses to successfully and legally run your nonprofit. Review federal licenses and permits by business type and activity to see if any apply to your organization.
Any nonprofit group or organization located in Virginia, unless exempt, must register with the Virginia Department of Agriculture and Consumer Services.
Your bylaws must comply with Virginia state law, but also serve as a supplement to the code. Your nonprofit will also need to form a conflict of interest policy. This policy will ensure that all decisions made by the board and by the members, is in the best interest of the nonprofit.
Corporate bylaws are legally required in Virginia. The law doesn't specify when bylaws must be adopted, but usually this happens at the organizational meeting.
Under Virginia law, to have a nonprofit you only need to have one member on the Board of Directors. However, to be eligible for tax exemption with the IRS, we recommend that you have at least three directors.