This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws For Nonprofit In Virginia
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12 Steps to Starting a Nonprofit in Virginia Name Your Organization. Name Incorporators and Directors. Appoint a Registered Agent. File Virginia Articles of Incorporation. Publish Incorporation. Apply for an Employer Identification Number (EIN) Hold Organization Meeting and Establish Nonprofit Bylaws.
Under Virginia law, to have a nonprofit you only need to have one member on the Board of Directors. However, to be eligible for tax exemption with the IRS, we recommend that you have at least three directors.
Any non-profit conducting business in Virginia must register as a Non-Stock Corporation or Limited Liability Company (LLC) with the Virginia State Corporation Commission. Procedures for filing as a Non-Stock Corporation can be found in the Code of Virginia Nonstock Corporation Act, Sections 13.1-801 through 13.1-946.
The first step to create a nonprofit in Virginia is to incorporate a nonstock corporation by filing Articles of Incorporation with the State Corporation Commission (SCC). Articles of Incorporation usually are filed online but also may be mailed to the SCC.
Your bylaws must comply with Virginia state law, but also serve as a supplement to the code. Your nonprofit will also need to form a conflict of interest policy. This policy will ensure that all decisions made by the board and by the members, is in the best interest of the nonprofit.
Nonprofits are often referred to as corporations, but can they also be LLCs? They can, but it isn't typical.
You create your nonprofit entity by filing articles of incorporation for a nonstock corporation with the Virginia State Corporation Commission. Your articles of incorporation must include: your nonprofit's corporate name. the nonprofit's purpose--this must comply with IRS requirements (see below)