The nonprofit LLC is an option in some states for groups working in the nonprofit sector. However, in New York, you are limited to forming a nonprofit corporation to acquire tax exemption. At Lawyer For Business, we are business lawyers with extensive experience in New York State.
There are several steps required to start a nonprofit organization. Filing articles of incorporation. Naming your nonprofit organization. Defining your business purpose. Choosing an incorporator, directors and officers. Filing for tax-exempt status. Acquiring federal tax ID number to form your nonprofit.
(a) The board of directors shall consist of one or more members. The number of directors constituting the board may be fixed by the by-laws, or by action of the shareholders or of the board under the specific provisions of a by-law adopted by the shareholders.
How long does it take to form a New York nonprofit organization? Certificate of Incorporation: Two weeks normal processing, one day expedited. IRS tax exemption: At least three months. New York tax exemption: Approximately three months.
Corporate bylaws are legally required in New York. Under NY Bus Corp L § 601, corporate bylaws “shall be adopted” by a company's incorporators. That means that in New York, you'll need to adopt bylaws to comply with the law.
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.
Charity Fraud Agency: New York State Attorney General. Division: New York State Attorney General Local Office. Phone Number: (212) 416-8000. Business Hours: Monday - Friday: 9 AM - 5 PM.
If you have questions regarding annual filing, please contact the Charities Bureau's customer service team at Charities.Bureau@ag.ny or call (212) 416-8401.
Most organizations that have charitable assets or engage in charitable activities in New York or solicit charitable contributions (including grants from foundations and government grants) in New York are required to register with the Charities Bureau, via the online portal below.