Bylaws For 501c3 In Nassau

State:
Multi-State
County:
Nassau
Control #:
US-00444
Format:
Word; 
Rich Text
Instant download

Description

The Bylaws for 501c3 in Nassau detail the governance framework for nonprofit corporations, defining the corporation's name, location, and the structure for shareholder and director meetings. Key features include the scheduling of annual and special shareholder meetings, the quorum required for those meetings, and procedures for voting and appointing proxies. The bylaws outline the roles and responsibilities of the Board of Directors, particularly regarding the management of corporate affairs and the election of officers, including a President and a Secretary-Treasurer. Furthermore, they stipulate guidelines on handling contracts, financial transactions, and the issuance and transfer of shares, while also addressing the fiscal year, dividends, and the corporate seal. The form is vital for attorneys, partners, owners, associates, paralegals, and legal assistants involved in establishing and maintaining compliant nonprofit organizations in Nassau. It provides essential instructions on filling and editing, ensuring legal adherence and clarity in administration.
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FAQ

How to Start a Nonprofit in New York Name Your Organization. Choose a New York nonprofit corporation structure. Recruit Incorporators and Initial Directors. Appoint a Registered Agent. Prepare and File Articles of Incorporation. File Initial Report. Obtain an Employer Identification Number (EIN) ... Store Nonprofit Records.

Formation of a New Nonprofit: Three Main Steps Draft and file the Certificate of Incorporation with the NY Department of State. This document includes. Prepare by-laws for your board to adopt. Fill out and file the application for tax exemption (Form 1023 or 1023-EZ) with the IRS.

A state or local government or political subdivision of a state or local government is not eligible for exemption under IRC 501(c)(3). As stated in Rev. Rul. 60-384, 1960-2 C.B. 172, a state or municipality itself would not qualify since its purposes are not exclusively those described in 501(c)(3).

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Bylaws For 501c3 In Nassau