Bylaws Examples For Nonprofit Organization In Fairfax
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FAQ
Nonprofits are often referred to as corporations, but can they also be LLCs? They can, but it isn't typical.
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.
12 Steps to Starting a Nonprofit in Virginia Name Your Organization. Name Incorporators and Directors. Appoint a Registered Agent. File Virginia Articles of Incorporation. Publish Incorporation. Apply for an Employer Identification Number (EIN) Hold Organization Meeting and Establish Nonprofit Bylaws.
Any non-profit conducting business in Virginia must register as a Non-Stock Corporation or Limited Liability Company (LLC) with the Virginia State Corporation Commission. Procedures for filing as a Non-Stock Corporation can be found in the Code of Virginia Nonstock Corporation Act, Sections 13.1-801 through 13.1-946.
You will need at least one, but can have more than one. Directors make up the governing body of your nonprofit corporation and are stakeholders in your organization's purpose and success. You'll want to identify three, unrelated individuals to meet IRS requirements.
The simple answer is that most authors agree that a typical nonprofit board of directors should comprise not less than 8-9 members and not more than 11-14 members.
