Nonprofit Bylaws Examples In Phoenix
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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.
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.
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.
Corporate bylaws are legally required in Arizona. AZ Rev Stat § 10-206 states that the “board of directors of a corporation shall adopt initial bylaws for the corporation.” This means that adopting bylaws is a legal requirement.
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.
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.
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.
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.
