How to Form an Arizona Nonprofit Corporation Choose a Name for Your Arizona Nonprofit Corporation. Appoint the Initial Directors for Your Corporation. Appoint an Arizona Statutory Agent. Prepare and File Your Nonprofit Articles of Incorporation. Publish Notice of Your Nonprofit's Incorporation.
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.
The corporation is required by law to adopt bylaws. Bylaws are written rules that govern how the corporation operates internally, such as how the Board of Directors will be elected and what votes are required for a particular action. Bylaws can have any provision in them that is not prohibited by law. See A.R.S.
The IRS generally requires a minimum of three board members for every nonprofit, but does not dictate board term length. What is important to remember is that board service terms aren't intended to be perpetual, and are typically one to five years.
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.
How to Start a Nonprofit in Arizona Name Your Organization. Recruit Incorporators and Initial Directors. Appoint a Registered Agent. Prepare and File Articles of Incorporation. Publish Incorporation. File Initial Report. Obtain an Employer Identification Number (EIN) ... Store Nonprofit Records.
How many members usually sit on a board? A typical board of directors has nine members, but some have three, and others have 31. Typically, private companies have between three and seven directors on their boards. To avoid voting ties, boards are usually an odd number.
How to File Articles of Incorporation for a Business Corporation Entity Type. Entity Name. Professional Services. Character of Business. Shares. Arizona Known Place of Business (KPB) Address. Directors. Statutory Agent.
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.
Corporate bylaws are a company's foundational governing document. They lay out how things should run day-to-day and the processes for making important decisions. They serve as a legal contract between the corporation and its shareholders, directors, and officers and set the protocol for how the organization operates.