Bylaws Examples For Nonprofit Organization In Pima
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In Arizona, you can convert an LLC into a nonprofit corporation by filing a Statement of Conversion. However, it's not as easy as just filing a form. You first need the approval of all LLC members, and you'll need to draft Articles of Incorporation and nonprofit bylaws as well.
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.
You can convert an LLC to a nonprofit if the business entity is eligible under IRS Section 501(c)(3). 501(c)(3) nonprofits benefit from federal and state tax exemption and gain more access to funding resources.
You don't need to change anything. Form your 501c3 and get your approvals to operate from the IRS. Then move the assets of the LLC to the 501c3 in the form of a gift or donation. The LLC will then have no assets and can then be dissolved.
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.
Charter and Bylaws respectively, mean with respect to any corporation, those instruments that, among other things, (i) define its existence, as filed or recorded with the applicable Authority, including such corporation's Articles or Certificate of Incorporation, and (ii) otherwise govern its internal affairs, in each ...
