Drafting Bylaws For Nonprofit Organizations In Virginia
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FAQ
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)
Nonprofits are often referred to as corporations, but can they also be LLCs? They can, but it isn't typical.
A. A board of directors shall consist of one or more individuals, with the number specified in or fixed in ance with the bylaws, or if not specified in or fixed in ance with the bylaws, with the number specified in or fixed in ance with the articles of incorporation.
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.
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.
How to Start a Nonprofit in Virginia Name Your Organization. Recruit Incorporators and Initial Directors. Appoint a Registered Agent. Prepare and File Articles of Incorporation. File Initial Report. Obtain an Employer Identification Number (EIN) ... Store Nonprofit Records. Establish Initial Governing Documents and Policies.
Any nonprofit group or organization located in Virginia, unless exempt, must register with the Virginia Department of Agriculture and Consumer Services.
