Bylaws And Regulations For Nonprofit Organizations In Phoenix

State:
Multi-State
City:
Phoenix
Control #:
US-00444
Format:
Word; 
Rich Text
Instant download

Description

The document outlines the bylaws and regulations for nonprofit organizations in Phoenix, focusing on corporate governance, shareholder meetings, and director responsibilities. It specifies the corporation's name, location, and procedures for annual and special meetings of shareholders, detailing the notification requirements and quorum rules. Notably, it addresses voting procedures and proxy use, as well as the organization and election of the Board of Directors and corporate officers. Provisions for the management of corporate funds and responsibilities for record keeping are also included. This form is essential for attorneys, partners, and legal professionals as it provides the foundational structure necessary for compliance and governance in nonprofit organizations. Paralegals and legal assistants will find it useful for understanding corporate procedures and assisting in maintaining accurate documentation. The clarity and detailed nature of the bylaws promote effective management and protect shareholder interests.
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FAQ

12 Steps to Starting a Nonprofit in Arizona Name Your Organization. Name Incorporators and Directors. Appoint a Registered Agent. File Arizona Articles of Incorporation. Publish Incorporation. Apply for an Employer Identification Number (EIN) Hold Organization Meeting and Establish Nonprofit Bylaws.

The minimum number of board members is set by state statute. Arizona requires one board member. Nonprofits do not need to be incorporated to receive tax exempt status from the IRS, but it is usually recommended.

For most organizations, the tax year ends December 31 so the Form 990 is due May 15. Exempt organizations no longer need to file either the Arizona Form 99 or copies of their federal Form 990 annually. Arizona does not offer an overall exemption for nonprofits, but they allow exemptions for some single transactions.

Arizona Business Licenses You may need to obtain local or state business licenses or permits, depending on the type of activities your nonprofit intends to engage in, and where it is located within the state.

12 Steps to Starting a Nonprofit in Arizona Name Your Organization. Name Incorporators and Directors. Appoint a Registered Agent. File Arizona Articles of Incorporation. Publish Incorporation. Apply for an Employer Identification Number (EIN) Hold Organization Meeting and Establish Nonprofit Bylaws.

12 Steps to Starting a Nonprofit in Arizona Name Your Organization. Name Incorporators and Directors. Appoint a Registered Agent. File Arizona Articles of Incorporation. Publish Incorporation. Apply for an Employer Identification Number (EIN) Hold Organization Meeting and Establish Nonprofit Bylaws.

Unlike other states, Arizona does not provide a blanket exemption from Transaction Privilege Tax (TPT) for nonprofits. Instead, the Arizona Revised Statutes (A.R.S.) outline specific exemptions for nonprofits depending on their role in transactions—as either a business conducting taxable activities or a customer.

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Bylaws And Regulations For Nonprofit Organizations In Phoenix